Is Zynga Overvalued? Market consensus expects Zynga’s revenue and EBITDA to grow by +35% and 20% YoY to $2,667 million and $674 million, respectively in FY 2021. But the strong growth is largely factored into Zynga’s share price as evidenced by the company’s rich valuations.
Similarly, 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.
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.
Thereof, 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.
Does Zynga give dividends?
ZYNGA (NASDAQ: ZNGA) does not pay a dividend.
What happens if you own Zynga stock?
Zynga shareholders will receive $3.50 in cash and $6.36 in shares of Take-Two common stock for each share of Zynga common stock that they currently hold. The acquisition is still subject to shareholder approval at both companies but is expected to be completed by June 30, 2022.
Who owns Zynga stock?
Top 10 Owners of Zynga Inc
| Stockholder | Stake | Shares owned |
|---|---|---|
| The Vanguard Group, Inc. | 8.49% | 95,993,263 |
| T. Rowe Price Associates, Inc. (I… | 5.36% | 60,541,952 |
| BlackRock Fund Advisors | 3.79% | 42,884,077 |
| JPMorgan Investment Management, I… | 2.53% | 28,636,656 |
What happened to Zynga?
According to TechCrunch, Zynga is shutting down, stopping accepting new players, or pulling from the app stores 11 of its games. According to the company, keeping some of these games up was too much strain on the company and was costing it money that it couldn’t afford.
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.
Why is Zynga a strong buy?
Key Points. Despite headwinds in the ad business, Zynga reported strong earnings results in the third quarter. Advertising bookings nearly doubled year over year. Zynga is building momentum in advertising ahead of several new releases in the pipeline.
Is Zynga a profitable company?
The San Francisco-based Zynga’s revenue was $705 million, up 40% year-over-year; and bookings of $668 million, up 6% year-over-year. In after-hours trading, Zynga’s stock price is up 6% to $7.41 a share.
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 $12.7 billion, the two companies announced Monday. The number represents the highest ever acquisition deal between gaming companies.
Is Zynga a public company?
The company primarily focuses on mobile and social networking platforms. Zynga states its mission as « connecting the world through games ».
…
Zynga.
| Type of site | Public |
|---|---|
| Total assets | US$ 6.21 billion (2020) |
| Total equity | US$ 2.94 billion (2020) |
| Employees | 2,245 (2020) |
| Parent | Take-Two Interactive |
How many employees does Zynga have?
How many Employees does Zynga have? Zynga has 1,777 employees.
What does the company Zynga do?
Company Description
Zynga, Inc. provides social game services. It develops, markets and operates social games as live services played on mobile platforms such as Apple’s iOS operating system and Google’s Android operating system, and social networking sites such as Facebook.
Who is acquiring Zynga?
Take-Two today released its financial results for the holiday quarter showing single-digit sales growth that beat its forecast, but the big news around the company remains its $12.7 billion deal to acquire Zynga.
What company just bought Zynga?
And just a week ago, console gaming heavyweight Take-Two announced an agreement to acquire Zynga in a deal valued at $12.7 billion which Forbes senior contributor Paul Tassi says instantly made it “a mobile monster.”
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.
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.
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