Take-Two stock down in wake of Zynga purchase, Zelnick not bothered

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Take-two boss Strauss-Kelnik appeared on CNBC to talk about his company’s stock after the $ 12.7 billion Zinga acquisition. Take-A bought Zynga for અને 9.86 / share in cash and stock deals. The purchase made Tech-Tune one of the largest gaming publishers in the games industry.

“Regardless of any revenue synergy, we expect the joint venture to grow its top line by about 14% annually over the next three years,” Zelnik told CNBC. “We have been building this company for a long time, and that has always been our approach.”

Shares of Tech-Tuna fell below $ 140 / share after the news broke. Zelnick, however, is not bothered by it.

“We’re trying to build a business in the long run,” Zelnik said. “We have never paid so much attention to intraday trading marks. We are focused on creating value; For our players, for our teammates and most importantly for our shareholders. It’s been a long time coming, and I think it will work here too. “

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Since then, Tech-Tuna’s share price has risen above $ 150 / share. While the share price is recovering, it is still below where it entered in January, at around $ 180 / share.

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