Zynga

Take-Two Interactive Software, Inc. to Combine with Zynga, Inc.

The communication announces a proposed business combination in which Take-Two Interactive Software, Inc. will acquire Zynga, Inc. for an enterprise value of approximately $12.7 billion, paying $3.50 in cash and 6.36 shares of Take-Two common stock per Zynga share, representing a 64% premium to Zynga’s closing price on January…

• Take-Two Interactive will acquire Zynga in a cash-and-stock transaction valued at approximately $12.7 billion, representing a 64% premium over Zynga’s January 7, 2022, closing price.
• The merger combines Take-Two’s console and PC franchises, such as Grand Theft Auto, with Zynga’s mobile free-to-play titles to create a diversified portfolio across platforms.
• The combined entity projects net bookings to exceed $6 billion in fiscal year 2023, with an expected three-year compound annual growth rate of 14%.