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

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 roste...