let's look at uh stop making the biggest moves this morning.
First of Zynga hear news just breaking this morning that video
game maker take Two interactive will acquire Zynga for $12.7 billion.
This comes out to about $9.86
per share. Zynga kind of moving upward on this news
Up 46 And then take two down a little bit about 12.5%.
And I say a little bit obviously respectively here,
but we kind of see this interaction when we have acquisitions.
Um you know, happened uh this is a potential major move in the gaming space.
Zynga being kind of one of those mobile um you know, games, you know,
think of farmville and and and take two interactive being
kind of one of those legacy uh gaming spaces.
I think what is the Grand theft Auto is one of their key kind of games there.
And they have several others that are that are quite notable.
But now you have this company potentially merging
the two and having two dominant spaces,
the two most dominant spaces
that people game on.
Yeah. Alicia, good points. Uh take two known for as you mentioned, G. T. A.
And also red Dead redemption.
So I think this is going to be big for them because you mentioned Zynga's
legacy within the mobile gaming experience,
being able to turn some of those mobile games into
franchises similar to what take two has already created.
And also this helps them,
especially after a fall where they saw delays with some of those really big titles.
Uh someplace I think within the business for them to fall back
on when they're trying to perfect those games for their audience,
it's gonna be really important moving forward.
They're also set to let Zynga kind of like have all of their hands on the situation,
they're going to take a step back in this approach and really let them do their thing,
at least.
That's what analysts seem to think.
Yeah, and I think this deal won't be completed until 2023, but still, um, you know,
a major potential movement.
I wonder if we see similar kind of acquisitions and mergers happen here
as we do see kind of the gaming space getting more crowded.
I think I can into also the streaming space and the TV space,
you're gonna expect these mergers and acquisitions and if you have one
that becomes a dominant player, you're gonna want to have, you know,
two others maybe team up and have the same situation happen.
So, so we'll continue to follow this space, but it's a major move in the gaming
space overall