Take-Two mentioned Monday it’s purchasing Zynga in a cash-and-stock deal valued at $12.7 billion, together with debt. The deal values Zynga at $9.86 a percentage.
The deal provides Take-Two a larger presence within the profitable international of cellular gaming, increasing its trade past the console and PC video games it’s principally recognized for, together with NBA 2K, Purple Useless Redemption and the GTA sequence.
“We’re extremely joyful to announce our transformative transaction with Zynga, which considerably diversifies our trade and establishes our management place in cellular, the quickest rising phase of the interactive leisure business,” mentioned Strauss Zelnick, Take-Two’s chairman and CEO, in a commentary.
For Zynga, the takeover provides the corporate a deeper pocketed father or mother within the gaming trade that may lend a hand it develop.
Zynga hopes the merger with Take-Two will result in extra enlargement alternatives.
“Combining Zynga’s experience in cellular and next-generation platforms with Take-Two’s best-in-class functions and highbrow belongings will permit us to additional advance our undertaking to glue the sector via video games whilst attaining vital enlargement,” mentioned Zynga CEO Frank Gibeau in a commentary.
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