Who is buying Zynga?

Take-Two

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. 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 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.

Is Zynga being bought out?

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.

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.

Who are the new owners of Zynga?

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.

Is Take-Two still buying Zynga?

Zynga would continue as a label under the Take-Two umbrella, led by current Zynga CEO Frank Gibeau and president of publishing Bernard Kim.

Take Two to Buy Zynga? | Understanding the Deal (and Market) (VL603)

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 a Russian company?

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

What is Zynga new stock symbol?

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

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 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.

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.

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.

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 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.

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.

Who are the largest shareholders of Zynga?

These institutions hold a total of 10,902,206 shares. Largest shareholders include Norges Bank, River & Mercantile Asset Management Llp, Impax Asset Management Group plc, Captrust Financial Advisors, and IFP Advisors, Inc.

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 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.

When the Zynga deal is going to close?

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

Is Zynga on Robinhood?

Sign up for a Robinhood brokerage account to watch Zynga and buy and sell other stock and options commission-free.

What happens to stock when buy out?

If you own shares directly, you'll generally receive the same amount that was paid for your stock by the acquiring company. If you own through an investment firm, you'll get a payout on top of whatever was paid for your shares by the acquiring company.

What happens if your stock goes?

Unfortunately, when a stock's price falls to zero, a shareholder's holdings become worthless. Yet, even before a stock reaches the bottom, major stock exchanges create thresholds that delist shares once they fall below specific price values.