Zynga headquarters in San Francisco. Zynga’s games include “FarmVille” and “Words With Friends.”
Photo:
David Paul Morris/Bloomberg News
Take-Two Interactive Software Inc.
TTWO -0.01%
has reached a deal to buy
Zynga Inc.
ZNGA -1.48%
in a $12.7 billion deal that would unite two videogame companies with a presence across gaming platforms.
The cash-and-stock deal would value mobile game maker Zynga at about $12.7 billion. Zynga stockholders would receive compensation of about $9.86 for each Zynga share that they own, including $3.50 in cash and $6.36 of Take-Two stock.
That is about a 64% premium to Zynga’s stock price of $6.00 as of Friday’s close. Zynga shares were up nearly 50% in Monday premarket trading.
Zynga’s games include “FarmVille” and “Words With Friends,” titles that showcased how videogames could blend entertainment with a social-media ethos.
Take-Two makes titles such as “Grand Theft Auto,” “Civilization” and “Red Dead Redemption.”
The deal is expected to close between April and June.
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