Take-Two Interactive Software Inc. has reached a deal to buy Zynga Inc. in a $12.7 billion deal that would unite two videogame companies with a presence across gaming platforms.

The cash-and-stock deal would value mobile game maker Zynga at about $12.7 billion. Zynga stockholders would receive compensation of about $9.86 for each Zynga share that they own, including $3.50 in cash and $6.36 of Take-Two stock.

This post first appeared on wsj.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

It’s easy to say Biden should jam the GOP on Covid aid. It’s hard to do.

WASHINGTON — Most Democrats have a simple answer for Republicans who don’t…

What Sheryl Sandberg’s Exit Reveals About Women’s Progress in Tech

But many of them encountered difficulties steering aging tech companies. Of those…

U.S. Inflation Reaches Fastest Pace Since 1982

U.S. inflation closed out 2021 at its highest level since 1982 as…

Club Q shooting suspect pleads guilty

DENVER — The shooter accused of killing five people and injuring 17…