Grand Theft Auto Maker Buys FarmVille Company in $12.7B Deal

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The transaction includes a go-shop provision, giving Zynga 45 days to hear alternative proposals

The deal is expected to close during the first quarter of Take-Two’s fiscal 2023, ending June 30. It still needs approval of both Take-Two and Zynga stockholders. It has received approval from both companies’ boards.

Shares of Zynga Inc., based in San Francisco, jumped 52.5% to $9.15. Shares of Take-Two Interactive Software, Inc., based in New York City, fell 8.7% to $150.25.

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I hope this is a catch-and-kill acquisition to make the world a better place

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