Grand Theft Auto, meet FarmVille
CNN
Zynga, the mobile game developer known for hits like FarmVille, Words With Friends and a popular Texas Hold'em poker game, is pairing up with Take-Two Interactive, the developer of the Grand Theft Auto franchise of games.
Take-Two said Monday it is buying Zynga in a cash-and-stock deal valued at $12.7 billion, including debt. The deal values Zynga at $9.86 a share.
Shares of Zynga (ZNGA) soared nearly 50% on the news in early morning trading, while Take-Two (TTWO) sank more than 10%.
President Joe Biden asserted Friday that Hamas has been degraded to a point where it can no longer carry out the type of attack that launched the current 8-month conflict in Gaza, laying out a three-phase proposal Israel has submitted to wind down the grinding crisis as he declared, “It’s time for this war to end.