Take-Two to acquire FarmVille creator Zynga in deal valued at $12.7 bn
The deal is expected to close by the end of June.
- Jan 10, 2022,
- Updated Jan 10, 2022 6:40 PM IST
Video game maker Take-Two Interactive Software Inc 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 40.2% to $8.89 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.
Video game maker Take-Two Interactive Software Inc 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 40.2% to $8.89 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.