Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.
Take-Two Interactive to buy Zynga for $12.7B
Game publisher Take-Two Interactive says it plans to acquire mobile gaming company Zynga in a cash and stock deal valued around $12.7 billion.
Under the terms of the proposed deal, shareholders of Zynga, which trades on Nasdaq, will receive $3.50 in cash and $6.36 in shares of Take-Two common stock for each share of Zynga common stock. The purchase price represents a premium of 64 percent to Zynga’s closing share price on Friday.
— Joanna Glasner
Ankorstore raises $283M
Paris-based Ankorstore, an online marketplace that connects local retailers with brands and products not typically available at giant online retailers, raised 250 million euros ($283 million) in a Series C round led by BOND and Tiger Global. The financing sets a valuation around $2.25 billion for the 3-year-old company.
— Joanna Glasner
Funding round
Korea’s Qraft lands $146M for AI-enabled investment: Seoul-based Qraft Technologies, a developer of AI-enabled tools for making investment decisions, reportedly raised $150 million in a funding round backed by SoftBank Group.
— Joanna Glasner
Illustration: Dom Guzman
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