What did Zynga become?

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.

What company did Zynga merge with?

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.

What happens to my Zynga shares?

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.

Why did Take-Two acquire Zynga?

Take-Two, which owns major properties like Grand Theft Auto, BioShock, and Civilization, likely wants to get in on that mobile money, and it said in an investor presentation at the time of the deal that it plans to bring more of its franchises to mobile platforms with the help of Zynga.

What is the deal between take 2 and Zynga?

Take-Two said it will acquire Zynga for $9.86 a share, a 64% premium to Zynga's closing price Friday. Shares of Zynga skyrocketed, while Take-Two slumped.

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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 were the terms of the Zynga merger?

Terms of the Acquisition

Zynga stockholders will receive $3.50 in cash and $6.36¹ in shares of Take-Two common stock for each share of Zynga common stock outstanding at the closing.

What is Zynga new stock symbol?

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

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.

Why did Zynga crash?

The company had overpaid for Draw Something maker OMGPOP, The Ville was a dud, and Zynga had failed to launch new games fast enough, the company said. Its shares crashed. Analysts said CEO Mark Pincus had 9 to 12 months left to turn things around. Layoff rumors ripped through Zynga's offices.

What does Zynga acquisition mean for shareholders?

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.

What happened to my Zynga stock on Robinhood?

This stock is no longer active on Robinhood. Sign up for a Robinhood brokerage account to watch Zynga and buy and sell other stock and options commission-free. Other fees may apply. See Robinhood Financial's fee schedule to learn more.

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.

Did Microsoft buy Zynga?

Activision Blizzard met with a financial firm to work on topping Take-Two 's $12.7 billion acquisition of Zynga before agreeing to sell to Microsoft this weekend, according to a person familiar with the matter.

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.

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.

Should I sell or hold Zynga?

Zynga has a conensus rating of Hold which is based on 2 buy ratings, 7 hold ratings and 0 sell ratings.

Will Zynga stock recover?

Zynga Inc quote is equal to 8.180 USD at 2023-03-26. 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 was Zynga IPO price?

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.

Is Zynga a dividend stock?

Zynga (ZNGA) does not pay a dividend.

Can you buy Zynga stock?

Zynga Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.

Should I invest in Zynga stock?

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.

Is Zynga a Russian company?

Zynga is a fast-growing San Francisco company whose online games include FarmVille, above, Café World and Mafia Wars.