Activision looked at topping Take-Two's $12.7 billion offer for Zynga, but sold to Microsoft instead


Source: asianewsday.com asianewsday.com

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Microsoft logo is seen on a smartphone placed on displayed Activision Blizzard logo in this illustration taken January 18, 2022. Dado Ruvic | Reuters Activision Blizzard contacted a financial firm to work on topping Take-Two ‘s $12.7 billion acquisition of Zynga before agreeing to sell to Microsoft this weekend, according to a person familiar with the matter. Activision recently reached out to a financial adviser to make a presentation to its board about topping Take-Two’s bid, the person said, who asked not to be named because the presentation was private. That presentation was made last week, said the person. It’s...