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Source: https://www.reuters.com/markets/dea...a-an-enterprise-value-127-billion-2022-01-10/
Video game maker Take-Two Interactive Software Inc (TTWO.O) will acquire mobile game maker Zynga Inc in a cash-and-stock deal at an enterprise value of nearly $12.7 billion, the companies said on Monday.
Take-Two said it would acquire all the outstanding shares of Zynga at $9.86 per share. Shares of Zynga rose 40.2% to $8.89 in trading before the bell on Monday.
The price represents a premium of 64.4% to Zynga's last close. The equity value of the deal is $11.04 billion, according to Reuters calculations.
The deal is expected to close by the end of June.
Creates one of the largest publicly traded interactive entertainment companies in the world, with $6.1 billion in trailing twelve-month pro-forma Net Bookings for the period ended September 30, 2021
Transaction expected to deliver approximately $100 million of annual cost synergies within the first two years after closing, and more than $500 million of annual Net Bookings opportunities over time.
Video game maker Take-Two Interactive Software Inc (TTWO.O) will acquire mobile game maker Zynga Inc in a cash-and-stock deal at an enterprise value of nearly $12.7 billion, the companies said on Monday.
Take-Two said it would acquire all the outstanding shares of Zynga at $9.86 per share. Shares of Zynga rose 40.2% to $8.89 in trading before the bell on Monday.
The price represents a premium of 64.4% to Zynga's last close. The equity value of the deal is $11.04 billion, according to Reuters calculations.
The deal is expected to close by the end of June.
Creates one of the largest publicly traded interactive entertainment companies in the world, with $6.1 billion in trailing twelve-month pro-forma Net Bookings for the period ended September 30, 2021
Transaction expected to deliver approximately $100 million of annual cost synergies within the first two years after closing, and more than $500 million of annual Net Bookings opportunities over time.