How old is Zynga?

Zynga Inc.

It was founded in April 2007, with headquarters in San Mateo, California. The company primarily focuses on mobile and social networking platforms.

How old is Zynga Poker?

It was launched in July 2007. In 2011, with 38 million players, Zynga Poker was the largest poker site in the world. In 2018, after increased competition in the market, Zynga Poker had a 6.1% market share in social casino games.

Is Zynga making money?

In 2021, social gaming company Zynga generated a total revenue of 2.8 billion U.S. dollars, it's highest annual result yet and a significant improvement from the 1.98 billion U.S. dollars in the previous year.

Is Zynga still being sold?

Take-Two has completed its $12.7 billion acquisition of mobile games giant Zynga, the company announced on Monday. Under the terms of the merger agreement, Zynga shareholders received $3.50 in cash and 0.0406 shares of Take-Two common stock per share of Zynga common stock.

What happens to my Zynga stock now?

Shares of Zynga will cease trading after the market close on May 20, 2022, and following the closing, Zynga will no longer be listed on the NASDAQ exchange.

What happened to Zynga games on Facebook?

What happens to Zynga stock holders?

Shares of Zynga will stop trading after the market close Friday, May 20, and will delist from Nasdaq. Zynga stock (ZNGA) is up 1.1% to $8.55. The terms of the merger deal mean that Zynga stockholders will be entitled at closing to $3.50 in cash and 0.0406 shares of Take-Two common stock for each share of Zynga owned.

Why is Zynga stock so low?

For perspective, Zynga was a market-beating investment in 2020, up 61%. But 2021's underperformance has caused Zynga stock to fall to levels not seen since May 2019. Because of this, its cumulative three-year returns are now losing to the market.

How high can Zynga stock go?

ZNGA Stock Forecast FAQ

Based on analyst ratings, Zynga's 12-month average price target is $8.92.

Who owns Zynga now?

Zynga began trading on NASDAQ on December 16, 2011, under the ticker ZNGA. Take-Two Interactive announced in January 2022 its intent to buy Zynga for $12.7 billion. The deal was completed in May 2022. According to Take-Two Interactive, about 10% of the world's population plays Zynga's games every month.

Does Facebook own Zynga?

Zynga is basically Facebook's outsourced games arm. Paradoxically, it might be good for the stock short-term, because Facebook is still private and owning Zynga is even more a proxy for owning Facebook, so investors could pile in.

What is the most popular Zynga?

In 2022, Empires & Puzzles: Match-3 RPG was Zynga's most popular app with approximately 260 million U.S. dollars in revenues across the Apple App Store and Google Play worldwide.

What games are Zynga discontinuing?

Zynga on Monday made good on promises to shut down several games — killing PetVille, FishVille, Montopia, Vampire Wars, Indiana Jones Adventure World and more — in an effort to save money and focus resources on more popular games.

Why is Zynga being sued?

App maker Zynga agreed to a $12 million settlement to resolve class action lawsuit claims it operated illegal gambling schemes through mobile slot game apps.

Is Zynga doing well?

Zynga's gross margin has been in long-term decline, losing an average of -2.6% per year. That's not inspiring. Zynga has a debt/equity ratio of 0.47 as per the latest quarter, which is not either bad or good. Zynga for the fiscal year 2021 reported higher long-term debt, lower short-term debt and lower cash.

Will Zynga ever go up?

Zynga Inc quote is equal to 8.180 USD at 2023-02-22. Based on our forecasts, a long-term increase is expected, the "ZNGA" stock price prognosis for 2027-05-21 is 13.617 USD. With a 5-year investment, the revenue is expected to be around +66.47%. Your current $100 investment may be up to $166.47 in 2028.

Is Zynga a dividend stock?

Zynga (ZNGA) does not pay a dividend.

Is Zynga stock a buy hold or sell?

Zynga has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.

Who wants to buy Zynga?

Take-Two has officially completed its $12.7 billion deal for social game developer Zynga, the two companies announced Monday. With the acquisition, Take-Two not only takes ownership of big Zynga franchises like FarmVille but also gets access to Zynga's expertise building hugely popular free-to-play mobile games.

Why Zynga is a good investment?

In the most recent quarter, total revenue up 59% year over year. Daily users up 86% year over year, but that advertising revenue, up over 100% year over year. We're really seeing that monetization through advertising channels really take off for Zynga, really flexing the muscle.

Why would Take-Two buy Zynga?

Adding Zynga's stable of app developers is meant to help Take-Two roll out more smartphone versions of its popular titles. Zynga will also help Take-Two expand its revenue from so-called recurrent consumer spending, in which players pay for new content and upgrades within games.

When the Zynga deal is going to close?

The deal will come to completion on Monday, May 23, 2022.

How much did Zynga buyout share for?

The company announced Monday that it would acquire all outstanding shares of Zynga at $9.86 apiece, a 64% premium to Zynga's closing price Friday.

Will Zynga be acquired?

Take-Two Interactive has officially acquired social and mobile gaming company Zynga. The $12.7 billion acquisition, announced in January, was completed Monday.

Why did Zynga close?

According to TechCrunch, Zynga is shutting down, stopping accepting new players, or pulling from the app stores 11 of its games. According to the company, keeping some of these games up was too much strain on the company and was costing it money that it couldn't afford.