This transformative combination unifies two global leaders in the interactive entertainment business and establishes Take-Two as one of the largest and most diversified mobile game publishers in the industry, with $6.1 billion in pro-forma Net Bookings for the trailing twelve-month period ended September 30, 2021.īoth companies have created and expanded iconic franchises, which will combine to form one of the largest and most diverse portfolios of intellectual properties in the sector. Strauss Zelnick, Chairman and CEO of Take-Two (Photo: Business Wire) The purchase price represents a premium of 64% to Zynga’s closing share price on January 7, 2022.
Under the terms and subject to the conditions of the agreement, Zynga stockholders will receive $3.50 in cash and $6.36 1 in shares of Take-Two common stock for each share of Zynga common stock outstanding at the closing of the transaction. NEW YORK & SAN FRANCISCO, January 10, 2022-( BUSINESS WIRE)-Take-Two Interactive (NASDAQ: TTWO) (the "Company") and Zynga (NASDAQ: ZNGA), two leaders in interactive and mobile entertainment, today announced that they have entered into a definitive agreement, under which Take-Two will acquire all of the outstanding shares of Zynga in a cash and stock transaction valued at $9.86 1 per Zynga share, based on the market close as of January 7, 2022, with a total enterprise value of approximately $12.7 billion.
Transaction expected to deliver approximately $100 million of annual cost synergies within the first two years after closing, and more than $500 million of annual Net Bookings opportunities over timeĬonference call to discuss the transaction is scheduled for this morning at 8AM ET
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Unifies highly complementary businesses, including Take-Two’s best-in-class portfolio of console and PC games and Zynga’s industry-leading mobile franchisesĬreates one of the largest publicly traded interactive entertainment companies in the world, with $6.1 billion in trailing twelve-month pro-forma Net Bookings for the period ended September 30, 2021
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