Take-Two Video game publisher sets to acquire “Farmville” creator Zynga for $12.7 billion, in a major mobile gaming push by the maker of “Grand Theft Auto.” The deal comes as Take-Two plans more smartphone versions of its games, which also include Red Dead Redemption and NBA2K. The transaction prices Zynga at $9.86 per share, a 64 per cent premium on Friday’s share price. About one-third of the payment will be in cash and the rest in Take-Two shares. New York-based Take-Two had revenues of $3.4 billion at the end of its last fiscal year and just shy of 5,100 employees. San Francisco-based Zynga had revenues of $2.0 billion and about 3,000 employees. Zynga shares soared nearly 50 per cent on the Nasdaq in electronic trading before the opening bell on Wall Street, while shares of Take-Two fell by 10.5 per cent. – Parrot Share this: Share on X (Opens in new window) X Share on Facebook (Opens in new window) Facebook Share on LinkedIn (Opens in new window) LinkedIn Share on WhatsApp (Opens in new window) WhatsApp Share on Telegram (Opens in new window) Telegram Like this:Like Loading… Related Post navigation Macro and technical headwinds accrue for bitcoin Twitter Spaces To Allow Users Record Sessions
