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Take-Two Interactive to buy FarmVille creator Zynga for $12.7 billion

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Zynga headquarters, San Francisco, California. Signage to be installed Wednesday, August 4, 2021. Zynga Inc. expects to publish earnings figures August 5.

Getty Images| Bloomberg | Getty Images

Take-Two InteractiveAre you interested in buying a mobile gaming business? ZyngaThe latest big deal in the history of the videogame industry was $12.7 billion.

Zynga announced Monday it will acquire all remaining shares at $9.86 per share. This is 64% more than Zynga’s Friday closing price. Zynga’s shares rose 49% in pre-market U.S. trading.

Strauss Zelnick of Take-Two stated in an interview that this strategic alliance “combines our best-in-class PC and console franchises with a market-leading and diversified mobile publishing portal that has a rich historical of innovation, creativity, and innovation.” press release.

This is a breaking story. Stay tuned for new updates.

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