The buyer is Take To Interactive, the computer game giant that developed GTA ■ Zynga stock jumps 45%
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News AgenciesZynga, the computer games company that developed Farmville, one of the popular games of the early 21st century, will be acquired by its larger competitor, Take to Interactive, for $ 12.7 billion. Zynga was a huge success on Facebook, and at one time was the most popular app on the platform. However, its stock has fallen 38% in the past year. The deal represents a $ 9.86 price per share, 64% higher than Zynga’s closing price on Friday, and the stock is up 45% in trading. Take-Two, the developer of Grand Taft Auto (GTA) and the owner of the online sports games (esport) 2K league, is down 14%. Under the terms of the transaction, Zynga’s shareholders will receive $ 3.50 in cash and upon closing the transaction will receive $ 6.36 …
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