Is Take-Two Interactive Stock a Buy Now?
Take-Two Interactive's (NASDAQ: TTWO) stock price plunged 13% on Monday on news that the company would buy Zynga (NASDAQ: ZNGA) in a $12.7 billion deal. The stock has now fallen about 24.5% over the last 12 months and has suffered comparable price losses to longtime rival Activision Blizzard (NASDAQ: ATVI) (27%) over the same timeframe.
Nonetheless, the Zynga purchase brings with it innovative mobile and casual games as well as compelling franchises. The question for investors is whether the lower price and the expanded lineup can revive the video game stock?
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Source Fool.com
