1. Take-Two’s $12.7B takeover
In a tie-up of two massive but very different makers of video games, Take-Two Interactive agreed today to buy Zynga in a cash-and-stock takeover worth $12.7 billion. It’s the biggest acquisition of all time in the video game space. And it continues a string of major recent deals in the sector, as companies aim to capitalize on a pandemic-fueled surge in gaming and position themselves for the prospect of life in the metaverse.