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AP National Business

Take-Two buys Zynga in $12.7B deal, carving out gaming space

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KMIZ

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Published 6:35 AM

NEW YORK (AP) — Take-Two Interactive, maker of Grand Theft Auto and Red Dead Redemption, is buying Zynga, maker of FarmVille and Words With Friends, in a cash-and-stock deal valued at about $12.7 billion. Zynga shareholders will receive $3.50 in cash and $6.36 in shares of Take-Two common stock for each share of Zynga outstanding stock at closing.

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