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    Take-Two to buy gaming group Zynga in $12.7bn deal

    Take-Two, the gaming company behind the Grand Theft Auto series, plans to acquire mobile gaming specialist Zynga for $ 12.7 billion with the aim of developing a global leader in interactive entertainment.

    A US company has agreed to trade cash and shares valuing Zynga’s shares at $ 9.86 per share. This is a 64% premium on Friday’s closing price.

    The deal with Zynga, the creator of FarmVille, establishes Take-Two as “one of the largest publishers of mobile games, one of the fastest growing segments in the interactive entertainment industry,” the company said. Said in a statement on Monday.

    Strauss Zelnick, Chief Executive Officer of Take-Two, said:

    Take-Two to buy gaming group Zynga in $12.7bn deal Source link Take-Two to buy gaming group Zynga in $12.7bn deal

    The post Take-Two to buy gaming group Zynga in $12.7bn deal appeared first on California News Times.

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