Who is Zynga competitor?

Zynga's top competitors include Scopely, Spyke Games, and Jam City. Scopely is a video game developer and publisher. It develops, builds, and offers mobile games. The company was founded in 2011 and is based in Culver City, California. …

What company is similar to Zynga?

Zynga competitors include Niantic, Riot Games, Electronic Arts (EA) and King.

What is Zynga competitive advantage?

1. Zynga has a competitive advantage due to its outstanding game creation skills, knowledgeable management team, and access to a large and active user base. Zynga has made significant investments in assembling a strong team of game developers who are in charge of producing games that are both enjoyable and addicting.

Is Zynga still in business?

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 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.

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

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.

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.

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 a Russian company?

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

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.

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.

Who wants to buy Zynga?

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

Why did Zynga drop?

While second-quarter revenue was up 59% year over year, this was slower than the previous quarter. Moreover, bookings dropped quarter over quarter. And because bookings represent future spending power among Zynga's users, investors didn't like this.

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 would Take-Two buy Zynga?

Adding Zynga's stable of app developers is meant to help Take-Two roll out more smartphone versions of its popular titles. Zynga will also help Take-Two expand its revenue from so-called recurrent consumer spending, in which players pay for new content and upgrades within games.

Is Zynga stock Undervalued?

Furthermore, our forecast indicates that Zynga's valuation is $14 per share, which is 40% above the current market price of around $10, implying that ZNGA stock is undervalued at its current levels. Our interactive dashboard analysis on Zynga Pre-Earnings has additional details.

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.

Why did Rockstar buy Zynga?

Grand Theft Auto parent company Take-Two just bought Zynga in a practically unprecedented $12.7 billion deal, and part of the reasoning is that it wants the opportunity to bring some of its biggest console and PC game properties to mobile.

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.

What apps are made by Zynga?

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.

How high can Zynga stock go?

Earnings for Zynga are expected to grow by 15.79% in the coming year, from $0.19 to $0.22 per share.

Will Zynga pay dividends?

Zynga (ZNGA) does not pay a dividend.

When the Zynga deal is going to close?

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