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3 Stories to Watch During Monday’s Selloff

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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.

Related: Zynga Stock Soars After $12.7 Billion Takeover Bid From Take-Two Interactive

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.

TheStreet Recommends: Resource Transition: An Investor's Playbook for 2022 (Webinar Preview)

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