Take-Two to acquire FarmVille creator Zynga in deal valued at $12.7 bn

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Video game maker Take-Two Interactive Software Inc 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. 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 Zyngas 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.

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