Take-Two Interactive Sued Over $12.7 Billion Deal for Zynga (1)

A Take-Two Interactive Software Inc. investor filed suit in Delaware, claiming the company’s leaders are keeping shareholders in the dark about conflicts of interest affecting the JPMorgan Chase & Co. affiliate that steered its proposed $12.7 billion acquisition of Zynga Inc.

The lawsuit targets the board of Take-Two, a video game holding company that owns major studios such as Grand Theft Auto maker Rockstar Games Inc. and 2K Games, which publishes popular sports-related titles and PC strategy best-sellers like the Civilization series.

The suit, which also names Take-Two as a defendant, accuses its board of concealing “potentially significant” fees J.P. ...