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.
Similarly, Is Zynga a buy or sell?
Zynga has received a consensus rating of Hold. The company’s average rating score is 2.39, and is based on 7 buy ratings, 11 hold ratings, and no sell ratings.
Will Zynga stock go up? Stock Price Forecast
The 15 analysts offering 12-month price forecasts for Zynga Inc have a median target of 10.00, with a high estimate of 11.00 and a low estimate of 8.20. The median estimate represents a +11.98% increase from the last price of 8.93.
Thereof, How much did Take-Two buy Zynga for?
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.
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.
Is Zynga overvalued?
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.
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 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 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.
What happened to Zynga?
Zynga closed some of its offices and laid off employees. And Facebook and Zynga ripped up their special relationship, leaving Zynga as just one of many games makers on the social network’s platform. … Zynga made progress on getting into real-money gaming—that is, gambling.
How much did FarmVille sell for?
Take-Two said it will acquire Zynga for $9.86 a share, a 64% premium to Zynga’s closing price Friday. Shares of Zynga skyrocketed, while Take-Two slumped.
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.
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.
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.
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.
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.
Does Zynga give dividends?
ZYNGA (NASDAQ: ZNGA) does not pay a dividend.
Why should I invest in Zynga stock?
Growth opportunities are stacking up
With the stock price down, investors might be underestimating Zynga’s opportunity to grow advertising revenue and boost its profitability, since ad revenue generates a better gross margin than spending on in-app purchases.
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
Who owns Take 2 Interactive?
Take-Two Interactive
| Take Two Interactive | |
|---|---|
| Founded: | 1993 |
| Headquarters: | New York City, United States |
| Products: | Various, mainly GTA series from Rockstar Games and Mafia from 2K games. |
| Owner(s): | Strauss Zelnick |
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