Activision Blizzard recently contacted an adviser to consider topping Take-Two’s $12.7 billion bid for Zynga, 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 unclear if Activision was considering Zynga as a potential plan B for Microsoft in case the deal fell through. Goldman Sachs, which represented both Zynga and Microsoft, called Activision as part of its go-shop process, according to a person familiar with the matter. The bank's"Chinese walls" prevented bankers from knowing that Activision was on the verge of selling to Microsoft, said the person, who asked not to be named because the discussions are private.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Microsoft's $68.7 Billion Deal for Activision Once Again Shows Big Tech's Dominance Over Legacy MediaMicrosoft takes big $68.7 billion swing on video game company Activision Blizzard while legacy media stays on sidelines
Read more »
Microsoft buys Activision Blizzard, maker of 'Call of Duty,' for $68.7 billionThe massive deal comes as Activision shares have plummeted in the past year as the company faces allegations of misconduct.
Read more »
Microsoft to Swallow Activision Blizzard for $68.7 BillionThe deal will bring Microsoft hundreds of millions of gamers, according to the Xbox owner.
Read more »
Microsoft buys Activision in a nearly $70 billion dealInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »
Microsoft buys Activision Blizzard in $69 billion game dealIn its largest purchase ever, Microsoft will pay $95 a share in cash for one of the most legendary gaming publishers, known for titles like Call of Duty and World of Warcraft but which is also grap…
Read more »
Microsoft to buy embattled Activision Blizzard for $68.7 billionSoftware giant is buying a video game make known for titles like 'Call of Duty' as well as allegations of sexual harassment.
Read more »