Earlier today Take-Two Interactive announced they will be acquiring mobile game studio Zynga for $12.7 billion. While some see that as a good acquisition, it doesn’t seem that way to those on Wall Street.
Thanks to Market Watch, we learned that Take-Two Interactive stock dropped 13.13% to $142.99 per share. This is the largest single-day drop since December 2009.
Zynga saw the opposite as stock peaked with a 47% increase before ending trading day up 40.67% at $8.44 per share.