Return to frontpage

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.
(Sign up to our Technology newsletter, Today’s Cache, for insights on emerging themes at the intersection of technology, business and policy. Click here to subscribe for free.)
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.
Return to frontpage
Our code of editorial values
Printable version | Jan 12, 2022 12:49:53 AM |
The chips are Intel’s first effort in many years in the market and will take on leader Nvidia, which had graphics chips sales of $9.8 billion in its most recent fiscal year, a 29% increase.
The concept car uses less than 10 kWh of electrical energy to travel 100 km. When translated into fossil-fuel consumption, this is around 1 litre per 100 km.