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Take-Two Interactive to acquire Zynga in $12.7bn deal

10th January 2022 1:54 pm GMT

New York-listed Take-Two Interactive Software has entered into a definitive agreement to acquire mobile games developer Zynga in a cash and stock deal worth $12.7bn.

Take-Two, the parent company behind the popular Grand Theft Auto and Red Dead Redemption games, will acquire all of the outstanding shares of Zynga in a transaction valued at $9.861 per Zynga share.

Zynga shareholders will receive $3.50 in cash and $6.361 in shares of Take-Two common stock for each share of [...]

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