Who bought out Zynga?

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.

https://en.wikipedia.org › wiki › Take-Two_Interactive

Take-Two Interactive - Wikipedia

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

social gaming

A social network game (sometimes simply referred to as a social media game, social gaming, social video game or online social game) is a type of online game that is played through social networks or social media. They typically feature multiplayer gameplay mechanics.

https://en.wikipedia.org › wiki › Social_network_game

Social network game - Wikipedia

, Zynga, for $12.7 billion.

Who did Zynga get bought by?

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

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 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.

When did Take-Two buy Zynga?

Completes Combination with Zynga Inc. NEW YORK --(BUSINESS WIRE)--May 23, 2022-- Take-Two Interactive Software, Inc. (NASDAQ: TTWO) (“Take-Two” or the “Company”) announced today the completion of its combination with Zynga Inc. (“Zynga”).

Take-Two acquires Zynga for $12.7 billion as deal closes

What is Zynga new stock symbol?

Zynga Inc (ZNGA)

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.

Did Zynga sell to Take-Two?

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 when my shares are bought out?

The closing

If the transaction is being paid in all cash, the shares should disappear from your account on the date of closing, and be replaced with cash. If the transaction is cash and stock, you'll see the cash and the new shares show up in your account. It's pretty much that simple.

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.

Is Zynga a Russian company?

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

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.

Is Zynga shutting down?

According to TechCrunch, Zynga is shutting down, stopping accepting new players, or pulling from the app stores 11 of its games.

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.

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.

Is Zynga a good long term stock?

If you are looking for stocks with good return, Zynga Inc can be a profitable investment option. Zynga Inc quote is equal to 8.180 USD at 2023-03-19. Based on our forecasts, a long-term increase is expected, the "ZNGA" stock price prognosis for 2027-05-21 is 13.617 USD.

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.

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.

Is Zynga a dividend stock?

Zynga (ZNGA) does not pay a dividend.

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.