Video game company that makes Grand Theft Auto offers $12B to buy Farmville maker Zynga | CBC News

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Take-Two, maker of Grand Theft Auto and Red Dead Redemption, is buying Zynga, maker of FarmVille and Words With Friends, in a cash-and-stock deal valued at about $12.7 billion.

, in a cash-and-stock deal valued at about $12.7 billion.

Zynga shareholders will receive $3.50 in cash and $6.36 in shares of Take-Two common stock for each share of Zynga outstanding stock at closing. The transaction is valued at $9.86 per share of Zynga common stock. Take-Two said Monday it anticipates approximately $100 million US in annual cost savings within the first two years after the transaction is complete.

Take-Two will also expand its board to 10 members upon closing, adding two members from Zynga's board.Online games have become a big part of our pandemic lives

 

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That would be ROCKSTAR Games.. DAM CBC DO YOU JOB

I miss Cityville and Street Racing (from over a decade ago)… it makes me sad how they’ve declined. Even five years ago that deal would have been double the 12.7B

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