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.
Similarly, Is Zynga a good stock to buy 2020?
The stock is a better value
The stock’s price-to-sales ratio has dropped from 6 in 2020 to 3.9 at current price levels. That’s a huge discount to top gaming stocks that trade between 5.7 to 7.3 times sales. At this level, Zynga offers a combination of value and growth, which makes it a great buy, in my opinion.
Who is buying Zynga? In a tie-up of two massive but very different makers of video games, Take-Two Interactive TTWO -0.8% agreed today to buy Zynga ZNGA +0.1% in a cash-and-stock takeover worth $12.7 billion. It’s the biggest acquisition of all time in the video game space.
Thereof, What company buys Zynga?
Take-Two Interactive just made the biggest acquisition in the history of the video game industry, agreeing on Monday to buy arguably the most well-known name in social gaming, Zynga, for $12.7 billion.
Who owns Zynga?
Take-Two Interactive, the game publisher behind Grand Theft Auto and 2K Sports, has agreed to acquire Zynga for a mix of cash and stock in a deal worth $12.7 billion, the two companies announced Monday. The number represents the highest ever acquisition deal between gaming companies.
Is Zynga still popular?
In 2017, its most successful games were Zynga Poker and Words with Friends 2, with about 57 million games being played at any given moment ; and CSR Racing 2, the most popular racing game on mobile devices.
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Zynga.
| Type of site | Public |
|---|---|
| Users | 134 million monthly active users (2020) 36 million daily active users (2020) |
Is Zynga undervalued?
Furthermore, our forecast indicates that Zynga’s valuation is $14 per share, which is 40% above the current market price of around $10, implying that ZNGA stock is undervalued at its current levels.
Does Microsoft own Zynga?
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.
How does Zynga 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.
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.
Is Zynga a Chinese company?
Zynga Inc. San Francisco, California, U.S. Zynga Inc. /ˈzɪŋɡə/ is an American developer running social video game services. It was founded in April 2007, with headquarters in San Francisco.
Is Zynga a good company?
Is Zynga a good company to work for? Zynga has an overall rating of 4.4 out of 5, based on over 1,136 reviews left anonymously by employees. 92% of employees would recommend working at Zynga to a friend and 82% have a positive outlook for the business.
Is Zynga making money?
Zynga just released its third-quarter financial results for the period ending September 30, 2021, and things are looking up for the formerly beleaguered mobile publisher. Revenue is up, net losses are down, and Zynga expects to make close to $3 billion before the end of the year.
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.
Will Zynga pay dividends?
Does Zynga pay a dividend? Zynga does not pay a dividend at this time.
Is Zynga fair?
Zynga Poker prides itself on being a fair and trusted gaming platform, which is why the card dealing algorithm, or Random Number Generator (RNG), utilized in our game is certified by Gaming Laboratories International, a leading independent certification agency for the gaming industry.
Why Zynga stock dropped?
For perspective, Zynga was a market-beating investment in 2020, up 61%. But 2021’s underperformance has caused Zynga stock to fall to levels not seen since May 2019.
Is Zynga a Fortune 500 company?
Zynga | 2021 Fortune 500 | Fortune.
Is Zynga owned by Facebook?
We knew that Zynga had to share virtual goods revenue and spend advertising on Facebook, but this goes beyond a tax.
Is Zynga still in business?
Zynga began trading on NASDAQ on December 16, 2011, under the ticker ZNGA. Take-Two Interactive announced in January 2022 its intent to buy Zynga for $12.7 billion.
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Zynga.
| Type of site | Public |
|---|---|
| Operating income | US$ -370.2 million (2020) |
| Net income | US$ -429.4 million (2020) |
| Total assets | US$ 6.21 billion (2020) |
How many people play Zynga?
In the fourth quarter of 2021, social gaming platform Zynga reported 184 million monthly active users of its mobile gaming portfolio.
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