SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Zynga, Inc.
ZNGA 8.1800.0%Sep 8 5:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Sr K1/10/2022 8:39:31 AM
1 Recommendation

Recommended By
Glenn Petersen

   of 365
 
Videogame Maker Take-Two Interactive to Buy Zynga in $12.7 Billion Deal

Zynga shareholders would receive $3.50 in cash and $6.63 of Take-Two stock for each share they own


Zynga headquarters in San Francisco. Zynga’s games include “FarmVille” and “Words With Friends.”PHOTO: DAVID PAUL MORRIS/BLOOMBERG NEWS

By
Matt Grossman

Jan. 10, 2022 7:38 am ET

Take-Two Interactive Software Inc. TTWO -0.01% has reached a deal to buy Zynga Inc. ZNGA -1.48% in a $12.7 billion deal that would unite two videogame companies with a presence across gaming platforms.

The cash-and-stock deal would value mobile game maker Zynga at about $12.7 billion. Zynga stockholders would receive compensation of about $9.86 for each Zynga share that they own, including $3.50 in cash and $6.36 of Take-Two stock.

That is about a 64% premium to Zynga’s stock price of $6.00 as of Friday’s close. Zynga shares were up nearly 50% in Monday premarket trading.

Zynga’s games include “FarmVille” and “Words With Friends,” titles that showcased how videogames could blend entertainment with a social-media ethos.

Take-Two makes titles such as “Grand Theft Auto,” “Civilization” and “Red Dead Redemption.”

The deal is expected to close between April and June.

Exc.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News