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CANADA ADDS 90,400 JOBS IN APRIL, EXCEEDING EXPECTATIONS

Unemployment rate remains steady at 6.1%, says StatCan

What to Expect From Take-Two's $12 Billion Zynga Deal

John Ballard, The Motley Fool
·4 min read
What to Expect From Take-Two's $12 Billion Zynga Deal

Take-Two Interactive's (NASDAQ: TTWO) move to acquire leading mobile game developer Zynga (NASDAQ: ZNGA) for $12.7 billion didn't receive a round of applause. Investors were probably wondering why the company needed to make such a large deal, especially in the hit-and-miss mobile game market. On the surface, this acquisition is a strategic move by Take-Two to significantly accelerate and scale up its T2 mobile games business.

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