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Take-Two to buy FarmVille maker Zynga in deal valued at $12.7 billion – The Hindu

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.
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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.
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Printable version | Jan 12, 2022 12:49:53 AM | https://www.thehindu.com/sci-tech/technology/take-two-to-buy-farmville-maker-zynga-in-deal-valued-at-127-billion/article38230698.ece
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