• 'GTA' Parent Company Take-Two Acquires Zynga in $12.7 Billion USD Deal

    13 days ago - By Hypebeast

    Gaming heavyweight Take-Two announces its acquisition of Zynga , in the largest games industry buyout - to date - with a deal totalling $12.7 billion USD. The acquisition solidifies Frank Gibeau as the ongoing CEO and chairman of Zynga, and Take-Two's management team will lead the joint venture. Zynga's outstanding shares will be acquired by Take-Two, and Zynga stockholders will receive $3.50 USD cash and $6.361 USD in common stock Take-Two shares. Take-Two's games already include a stellar roster of notables such as Grand Theft Auto , NBA 2K and Borderlands , and with the combination of...
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