Take-Two to Buy Farmville Maker Zynga in Deal Valued at $12.7 Billion
Reuters2022-01-10
Jan 10 (Reuters) - Video game maker Take-Two Interactive Software Inc(TTWO.O)will acquire mobile game maker Zynga Inc in a cash-and-stock deal at an enterprise value of nearly $12.7 billion, the companies said on Monday.
Take-Two said it would acquire all the outstanding shares of Zynga at $9.86 per share. Shares of Zynga rose 51.33% to $9.12 in trading before the bell on Monday.
The price represents a premium of 64.4% to Zynga's last close. The equity value of the deal is $11.04 billion, according to Reuters calculations.
The deal is expected to close by the end of June.
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