The Economic Times daily newspaper is available online now.

    Take-Two to acquire Zynga at an enterprise value of $12.7 billion

    Synopsis

    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

    ZyngaReuters
    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.

    Elevate Your Tech Prowess with High-Value Skill Courses

    Offering CollegeCourseWebsite
    IIT DelhiIITD Certificate Programme in Data Science & Machine LearningVisit
    Indian School of BusinessISB Product ManagementVisit
    IIM KozhikodeIIMK Advanced Data Science For ManagersVisit
    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.

    The Economic Times

    Stories you might be interested in