Is Zynga still being sold?

Take-Two Interactive

Take-Two Interactive

Take-Two Interactive Software, Inc. is an American video game holding company based in New York City and founded by Ryan Brant in September 1993. Take-Two Interactive Software, Inc. The company owns two major publishing labels, Rockstar Games and 2K, which operate internal game development studios.

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Take-Two Interactive - Wikipedia

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

Who bought out Zynga?

Take-Two Interactive just made the biggest acquisition in the history of the video game industry, agreeing on Monday to buy arguably the most well-known name in social gaming, Zynga, for $12.7 billion.

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 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.

Is Zynga still in business?

In 2022, Zynga relocated its headquarters to San Mateo, California.

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What will happen to Zynga games?

Take-Two Interactive has officially acquired social and mobile gaming company Zynga. The $12.7 billion acquisition, announced in January, was completed Monday. The combined company will bring a new slate of popular games to Take-Two, including Zynga's Farmville, Words with Friends and Zynga Poker.

Why is Zynga suspended?

Verbally harassing, abusing or harming another person or group. Participating in table collusion (team play) Conducting commercial activity (chip buying and/or selling) Using automation software or design cheats.

What is Zynga new stock symbol?

Zynga Inc (ZNGA) 20/05 -Real-time Data.

What is the future stock price for Zynga?

The average price target for Zynga is $8.92. This is based on 9 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $10.00 ,the lowest forecast is $7.80. The average price target represents N/A Increase from the current price of N/A.

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.

What happened to my Zynga stock on Robinhood?

This stock is no longer active on Robinhood.

Will my stocks and shares recover?

After ending the year down nearly 20%, the S&P 500 index is in the green for 2023. And the Nasdaq Composite — which plunged 33% in 2022 — is up more than 4.5% this year. So when will stocks fully recover from the bear market? Many experts appear optimistic it will happen in 2023.

Where is Zynga moving to?

Zynga has designated a roughly 62,000-square-foot space it leases at 1200 Park Place in San Mateo as its new corporate headquarters.

Should I buy shares in Zynga?

Zynga Financial Outlook

Analysts generally believe Zynga is underweight and its stock price target is estimated at a $12.00 value. Its price-to-sales ratio is over 33% lower than it was a year ago, but it's operating cash flow of $161 million last quarter is an 11 percent year-over-year increase.

Why Take-Two acquired Zynga?

"We are thrilled to complete our combination with Zynga, which is a pivotal step to increase exponentially our Net Bookings from mobile, the fastest-growing segment in interactive entertainment, while also providing us with substantial cost synergies and revenue opportunities.

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.

Will Zynga pay dividends?

Zynga (ZNGA) does not pay a dividend.

What is the date of the Zynga merger?

Take-Two and Zynga will merge on May 23 in one the games industry's biggest ever deals.

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.

What was Zynga IPO value?

Zynga went public in December 2011 at $10 a share, and spent a few months after the initial public offering trading higher than that price.

What is Zynga market value?

Market cap: $9.30 Billion

As of March 2023 Zynga has a market cap of $9.30 Billion. This makes Zynga the world's 1526th most valuable company by market cap according to our data.

What was Zynga market cap at IPO?

Zynga's IPO valued the company at around $7 billion. While that's an impressive market cap, Zynga's share price is still significantly below the $17.20 per share valuation the company used for a recent round of stock grants.

Is there a class action lawsuit against Zynga?

On Friday in the Northern District of California, a consumer filed a class-action complaint against video game developer Zynga Inc. over its social slots video games that purportedly violate various California laws.

Did Zynga leave Facebook?

Facebook and Zynga have amended an agreement that gave the games developer strong access to the social network's one billion users. Zynga is the developer behind Farmville, a game once mostly played on Facebook, which at its peak attracted 82 million players a month.