Take-Two Interactive Stock Is Plummeting Today -- Is It a Buy?
Take-Two Interactive's (NASDAQ: TTWO) valuation is taking a beating following news that the company plans to acquire Zynga (NASDAQ: ZNGA) in a $12.7 billion deal. The gaming giant's share price was down roughly 16% as of 1 p.m. ET on Monday.
The buyout price for Zynga works out to $9.86 per share, which represents a roughly 64% premium from its stock price at market close on Jan. 7, and investors are apparently less than thrilled with the deal. Should you treat the dramatic pullback as an opportunity to buy Take-Two Interactive stock?
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Source Fool.com
