$TTWO to buy out $ZNGA

https://www.barrons.com/articles/zynga-znga-stock-take-two-t…

Shares of gaming services company Zynga were soaring in premarket trading following the news that it will be acquired by Take-Two Interactive in a cash-and-stock deal with an enterprise value of $12.7 billion.

Zynga (ticker: ZNGA ) shares jumped 46.3% to $8.82, while Take-Two ( TTWO ) dropped 8.4% to $150.84.