How much is 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.

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

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...

What will happen to my Zynga stock?

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 is the deal between take 2 and 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.

How much was Zynga acquired for?

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

How high can Zynga stock go?

ZNGA Stock Forecast FAQ

Based on analyst ratings, Zynga's 12-month average price target is $8.92.

Take two stock analysis and valuation - How Zynga changes everything

Who owns Zynga now?

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 will Zynga shareholders get?

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.

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.

Will Zynga pay dividends?

Zynga (ZNGA) does not pay a dividend.

Is Zynga worth buying 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.

What is Zynga new stock symbol?

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

Is Zynga a hold or sell?

At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How much did Zynga sell for per share?

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

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.

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.

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.

Could Zynga be bought out?

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.

Is Zynga a Russian company?

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

Has Zynga stock ever split?

Co.'s advertising services provide ways for marketers and advertisers to reach and engage with its players while allowing continued operation of a free-to-play business model. According to our ZNGA split history records, ZNGA has had 0 splits. To make the "Dividend Channel S.A.F.E.

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.

Who is Zynga competitor?

Zynga's top competitors include Spyke Games, Jam City, and PlayStudios. Spyke Games is a mobile gaming company that develops casual games for mobile users, enabling users to access games and have thrilling experiences.

Is Zynga a takeover target?

Take-Two Interactive Software will dramatically expand its mobile division with the acquisition of Zynga in a cash and stock deal valued at $12.7 billion.

How many people use Zynga?

In the first quarter of 2022, social gaming platform Zynga reported 209 million monthly active users of its mobile gaming portfolio.