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Why Zynga Stock Popped This Week

TheMotleyFool

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Take-Two Interactive (NASDAQ: TTWO), a leading producer of video games for console, announced an agreement to acquire Zynga (NASDAQ: ZNGA) in a deal worth $12.7 billion in enterprise value. The deal is expected to close by the June-ending quarter.

Through the market close on Thursday, Zynga's share price was trading just below the buyout offer at $9.06, which represented a gain of 51% week to date, according to data provided by S&P Global Market Intelligence.

Image source: Getty Images.

Source Fool.com

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