Take-Two and Zynga have merged in what, for the moment, is the biggest corporate deal in gaming history.
The stockholders of each company approved all proposals last Thursday, and shares of Zynga ceased trading after market close on Friday.
Yesterday Zynga shareholders received $3.50 and 0.0406 Take-Two shares for every share in Zynga, adding up to an enormous $12.7 billion, and the deal is done.
The money involved is eye-watering, though so are the brands involved.
Take-Two's most famous asset is the Grand Theft Auto franchise, but it also owns the likes of NBA2K, the WWE games, BioShock, Borderlands, and Civilisation.
"We are eager to continue building an unparalleled portfolio of games that will reach broader markets and lead to continued growth for this next chapter of Zynga’s history.".
That deal still faces some regulatory hoop-jumping, but is widely expected to eventually complete. »