GTA parent company Take-Two acquires FarmVille maker Zynga for $12.7 billion

Take-Two Interactive is bringing mobile gaming company Zynga into the fold.

The acquisition is worth $12.7 billion and the company is buying the FarmVille developer with both cash and stock.

It was announced the company would buy all shares of Zynga at $9.86 apiece which caused Zynga stock to surge 40% and Take-Two’s to decline by 13%.

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