Take-Two Interactive Software, Inc.

NASDAQ:TTWO   11:56:35 AM EDT
154.68
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Officer Changes, Earnings Announcements

Take-Two And Zynga To Combine Diversified Mobile Publishing Platform

Published: 01/10/2022 12:13 GMT
Take-Two Interactive Software, Inc. (TTWO) - Take-two and Zynga to Combine, Bringing Together Best-in-class Intellectual Properties and a Market-leading, Diversified Mobile Publishing Platform, to Enhance Positioning As a Global Leader in Interactive Entertainment.
Zynga - Take-two to Acquire All Outstanding Shares of Zynga for a Total Value of $9.86 per Share.
Zynga Inc - Deal for Enterprise Value of $12.7 Billion.
Zynga Inc - Transaction Expected to Deliver Approximately $100 Million of Annual Cost Synergies Within First Two Years After Closing.
Zynga Inc - Transaction Expected to Deliver More Than $500 Million of Annual Net Bookings Opportunities Over Time.
Zynga Inc - Take-two Will Acquire of Zynga in a Cash and Stock Transaction.
Zynga Inc - Zynga Stockholders Will Receive $3.50 in Cash and $6.36 in Shares of Take-two Common Stock for Each Share of Zynga.
Zynga Inc - Take-two Has Received Committed Financing of $2.7 Billion From Jp Morgan.
Zynga Inc - Take-two's Strauss Zelnick Will Continue As Chairman and Ceo, Management Team of Take-two Will Continue to Lead Combined Co.
Zynga Inc - Take-two Intends to Fund Cash Component of Transaction Through Combination of Cash From Balance Sheet & Proceeds of New Debt Issuance.
Zynga Inc - Co's Management Team Will Drive Strategic Direction for Take-two's Mobile Efforts.
Zynga - Current Take-two Stockholders Will Own Between 67.2% and 70.4% and Current Zynga Stockholders to Own Between 29.6% and 32.8% of Combined Co.
Revenue is expected to be $869.79 Million
Adjusted EPS is expected to be $1.13

Next Quarter Revenue Guidance is expected to be $925.14 Million
Next Quarter EPS Guidance is expected to be $1.14

More details on our Analysts Page.