Take-Two Interactive (TTWO) - Get Take-Two Interactive Software, Inc. Report announced it is buying Zynga (ZNGA) - Get Zynga Inc. Class A Report, a mobile game developer, in a cash-and-stock deal valued at $12.7 billion.
“We are thrilled to announce our transformative transaction with Zynga, which significantly diversifies our business and establishes our leadership position in mobile, the fastest-growing segment of the interactive entertainment industry,” said Take-Two CEO Strauss Zelnick.
Bitcoin, which accounts for over half of the entire cryptocurrency market capitalization, briefly slumped below $40,000 for the first time since September.
Bitcoin, which hit an all-time high of over $68,000 last November, has been slumping ever since.
In other news, Goldman Sachs predicted that the Federal Reserve will hike interest rates four times this year - in March, June, September and December.
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