Take-Two CEO and Chairman Strauss Zelnick said the deal was necessary for the firm to expand its mobile gaming portfolio and earn more money with Zynga’s expertise. In a news release, he said, On the other hand, the CEO of Zynga said,
Take Two Acquires Zynga for a Whopping $12.7 Billion
When Take-Two announced to purchase of Zynga, it was considered the most costly acquisition in the gaming business. However, one week later, Microsoft dropped a bombshell with its ambitions to buy Activision Blizzard for $68.7 billion, which was entirely coincidental given the tumultuous circumstances surrounding such a merger. Zynga stockholders got $3.50 in cash and 0.0406 shares of Take-Two common stock per share of Zynga common stock under the terms of the agreement. Check out? Govt. Approval for Licenses Takes a Kick Start: Licenses For Two Operators Approved
