Yes, even bigger than Microsoft’s buyout of Bethesda. Announced in a press release, the two companies have agreed that Take-Two will acquire all of Zynga’s shares and take ownership of the company. The value of the move is approximately $12.7 billion.
Similarly, How much money did Zynga make in 2021?
Revenue generated by Zynga from 4th quarter 2012 to 4th quarter 2021 (in million U.S. dollars)
| Characteristic | Revenue in million U.S. dollars |
|---|---|
| 2021 Q4 | 695 |
| 2021 Q3 | 705 |
| 2021 Q2 | 720 |
| 2021 Q1 | 680.3 |
• 11 févr. 2022
What happens to Zynga stock after merger? Under the terms of the deal, Zynga stockholders will receive $3.50 in cash and $6.36 in stock when the transaction closes, for a total of $9.86 per Zynga share.
Thereof, Will Zynga be acquired?
Image Credits: Zynga
Today Take-Two Interactive announced a plan to acquire mobile games giant Zynga, in a deal valued at $9.86 per share — $3.50 in cash and the remaining $6.36 in shares of Take-Two common stock. Zynga’s enterprise value in the deal works out to $12.7 billion.
Is Zynga a Fortune 500 company?
Zynga | 2021 Fortune 500 | Fortune.
How much money does Zynga make?
In 2020, social gaming company Zynga generated a total revenue of 1.97 billion U.S. dollars, it’s highest annual result yet and a significant improvement from the 1.3 billion U.S. dollars in the previous year.
How much money did Bungie make off of Destiny 2?
Destiny 2, the sequel released in 2017, is Bungie’s biggest asset right now making the company an estimated $200 million in revenue.
Will Zynga stock become Take-Two stock?
Zynga is on track to be acquired by Take-Two Interactive Software. Take-Two Interactive Software ‘s deal for mobile games firm Zynga was announced nearly two months ago.
What do Zynga shareholders get?
Take-Two said Zynga shareholders will receive $3.50 in cash and $6.36 in Take-Two stock for each share of Zynga outstanding at the closing of the transaction. The deal, which is subject to regulatory and shareholder approvals, is expected to close by June 30, 2022.
Why is Zynga stock going up today?
Zynga ( ZNGA 0.22% ) stock is soaring today following news that the company is set to be acquired by Take-Two Interactive ( TTWO -1.49% ) in a $12.7 billion cash-and-stock deal. The mobile-focused video game publisher’s share price was up roughly 45% as of noon ET.
Is Zynga a good 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 will Zynga shareholders get?
Zynga shareholders will receive $3.50 in cash and $6.36 in shares of Take-Two common stock for each share of Zynga outstanding stock at closing. The transaction is valued at $9.86 per share of Zynga common stock.
Why is Zynga stock going up?
What happened. Zynga ( ZNGA -0.55% ) stock is soaring today following news that the company is set to be acquired by Take-Two Interactive ( TTWO -0.55% ) in a $12.7 billion cash-and-stock deal. The mobile-focused video game publisher’s share price was up roughly 45% as of noon ET.
Does Facebook own Zynga?
We knew that Zynga had to share virtual goods revenue and spend advertising on Facebook, but this goes beyond a tax. This is control. Facebook decides what games Zynga can launch, and when, and how successful these games will be.
How much did Zynga sell for?
But one thing he never did was dump the majority of his stock. Following Take-Two Interactive’s announced acquisition of Zynga on Monday for $12.7 billion, Pincus is inline to be the biggest individual beneficiary, thanks to his continued ownership of about 5% of his company’s outstanding shares.
How does Zynga Poker make money?
But how does Zynga make money, exactly? Two ways: From the sale of so-called virtual goods, which are used as currency within Zynga’s online games and are items that help the player in the game, and. From advertising, both in and around its games.
How does FarmVille make money?
In March, Zynga released an expansion for FarmVille — FarmVille English Countryside — that no doubt accounted for the record revenue for FarmVille. In the first quarter, Zynga generated about $235 million in revenue. Ad revenue in the quarter was $9.9 million, and most of the money came from virtual goods sales.
What are Zynga bookings?
Zynga’s total bookings refers to sum of its net revenues and change in deferred revenues. It is one of the most watched metric for gaming companies.
Who owns the rights to Halo?
Halo is a military science fiction video game and media franchise created by Bungie. The franchise is currently managed and developed by 343 Industries, and owned and published by Xbox Game Studios.
Does Sony Own Halo now?
Sony recently acquired Bungie, the makers of the original Halo games. Bungie and Halo parted ways in 2012 and Microsoft has owned Halo ever since.
How much money has Skyrim made?
Bethesda has shipped 7 million copies of The Elder Scrolls V: Skyrim, garnering approximately $450 million in global sales, the publisher said Wednesday.
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