Who did Take-Two acquire?

Take-Two completes $12.7B acquisition of mobile games giant Zynga.

What companies are owned by Take-Two?

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. The company owns two major publishing labels, Rockstar Games and 2K, which operate internal game development studios.

Who bought Take-Two?

(NASDAQ: TTWO) (“Take-Two” or the “Company”) announced today the completion of its combination with Zynga Inc. (“Zynga”). Under the terms of the merger agreement, Zynga stockholders received $3.50 in cash and 0.0406 shares of Take-Two common stock per share of Zynga common stock.

Did Zynga get acquired by t2?

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. It marks the latest blockbuster acquisition in a string of major deals in the video game industry.

Why Take-Two acquire 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,” said Strauss Zelnick, chairman and CEO of ...

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

What will happen 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.

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.

Was Zynga bought out?

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.

Is Zynga still trading?

Zynga (ZNGA) share trading has been suspended and the stock will be delisted.

Is Zynga a Russian company?

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

Why has Take-Two stock dropped?

Shares for Take-Two Interactive Software fell after the videogame firm reported disappointing results amid worries about the economy.

Where is Zynga now?

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

Is Take-Two Interactive stock a buy?

Take Two stock has received a consensus rating of buy. The average rating score is and is based on 45 buy ratings, 14 hold ratings, and 0 sell ratings.

How much is take 2 company worth?

How much a company is worth is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding. Take-Two Interactive Software net worth as of March 07, 2023 is $19.71B. Take Two Interactive Software is a leading developer and publisher of video games.

Who did Zynga merge with?

At the close of the transaction, Strauss Zelnick will continue to serve as Chairman and CEO, and the management team of Take-Two will continue to lead the combined company.

What is Zynga new stock symbol?

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

Who is Zynga merging with?

Take-Two Interactive Software, Inc. Completes Combination with Zynga Inc. Business Wire.

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.

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 is Zynga falling?

The second-quarter profit was a surprise at mobile-videogame company Zynga, but shares are falling because fewer people are playing. Zynga stock was plunging after the company signaled that people were spending less time playing mobile games as the economies in the U.S. and elsewhere begin to reopen.

What happens to my shares if my company is acquired?

If the deal is an all-cash deal, all the shares of the stock will be removed from the portfolio at a point based on the deal's final date and this will be exactly replenished by the cash value of the shares that are mentioned in the buyout.

What happens to my shares after an acquisition?

When a private company acquires a public company, the stock of the publicly-traded target company tends to rise due to the premium paid on the acquisition. After the deal closure, shareholders receive cash for their existing shares.

What happens if your stock gets acquired?

When the company is bought, it usually has an increase in its share price. An investor can sell shares on the stock exchange for the current market price at any time. The acquiring company will usually offer a premium price more than the current stock price to entice the target company to sell.