What happens to Zynga stock after merger? (2024)

Under the terms of the merger agreement, upon the closing of the transaction, Zynga will be combined with Take-Two

Take-Two

Take-Two Interactive Software, Inc. is an American video game holding company based in New York City and founded by Ryan Brant in September 1993. Take-Two Interactive Software, Inc. The company owns two major publishing labels, Rockstar Games and 2K, which operate internal game development studios.

What does Zynga acquisition mean for shareholders?

The terms of the merger deal mean that Zynga stockholders will be entitled at closing to $3.50 in cash and 0.0406 shares of Take-Two common stock for each share of Zynga owned.

What are the predictions for Zynga stock?

The average price target for Zynga is $8.92. This is based on 9 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $10.00 ,the lowest forecast is $7.80. The average price target represents N/A Increase from the current price of N/A.

How high can Zynga stock go?

If you are looking for stocks with good return, Zynga Inc can be a profitable investment option. Zynga Inc quote is equal to 8.180 USD at 2023-02-24. Based on our forecasts, a long-term increase is expected, the "ZNGA" stock price prognosis for 2027-05-21 is 13.617 USD.

What is Zynga new stock symbol?

Zynga Inc (ZNGA) 20/05 -Real-time Data.

What Happens when Companies Merge?

Will Zynga stock become Take-Two stock?

Under the terms of the merger agreement, upon the closing of the transaction, Zynga will be combined with Take-Two on the terms set forth in the merger agreement and Zynga stockholders will be entitled to receive $3.50 in cash and 0.0406 shares of Take-Two common stock per share of Zynga common stock.

Is Zynga a buy sell or hold?

Zynga Inc.

At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Why is Zynga stock so low?

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. Because of this, its cumulative three-year returns are now losing to the market.

Should I invest in Zynga 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.

How much did Zynga buyout share for?

The company announced Monday that it would acquire all outstanding shares of Zynga at $9.86 apiece, a 64% premium to Zynga's closing price Friday.

Will Zynga pay dividends?

Zynga (ZNGA) does not pay a dividend.

How do you tell if a stock will go up?

We want to know if, from the current price levels, a stock will go up or down. The best indicator of this is stock's fair price. When fair price of a stock is below its current price, the stock has good possibility to go up in times to come.

What happens to my stock after an acquisition?

When a private company acquires a public company, the stock of the publicly-traded target company tends to rise due to the premium paid on the acquisition. After the deal closure, shareholders receive cash for their existing shares.

What happens to my shares if my company is acquired?

If the deal is an all-cash deal, all the shares of the stock will be removed from the portfolio at a point based on the deal's final date and this will be exactly replenished by the cash value of the shares that are mentioned in the buyout.

Should I sell stock after acquisition?

After a Merger

The average takeover premium, or price at which a company is bought out, generally ranges between 20-40%. If an investor is lucky enough to own a stock that ends up being acquired for a significant premium, the best course of action may be to sell it.

Is Zynga stock 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. Our interactive dashboard analysis on Zynga Pre-Earnings has additional details.

Is Zynga an acquisition target?

Acquirer: Take-Two Interactive Software, Inc. Target: Zynga Inc. Take-Two Interactive Software, Inc. (Nasdaq: WTOO) will acquire Zynga Inc.

Why did Zynga stock jump?

Zynga stock rocketed up nearly 50% Monday on a takeover agreement by "Grand Theft Auto" publisher Take-Two Interactive that values the social games maker at $12.7 billion in a cash-and-stock deal.

Why would Take-Two buy Zynga?

Adding Zynga's stable of app developers is meant to help Take-Two roll out more smartphone versions of its popular titles. Zynga will also help Take-Two expand its revenue from so-called recurrent consumer spending, in which players pay for new content and upgrades within games.

What happened to Zynga stock on Robinhood?

This stock is no longer active on Robinhood. Sign up for a Robinhood brokerage account to watch Zynga and buy and sell other stock and options commission-free. Other fees may apply. See Robinhood Financial's fee schedule to learn more.

Is Zynga still popular?

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. The deal was completed in May 2022. According to Take-Two Interactive, about 10% of the world's population plays Zynga's games every month.

When the Zynga deal is going to close?

The deal will come to completion on Monday, May 23, 2022.

Why is Zynga suspended?

Verbally harassing, abusing or harming another person or group. Participating in table collusion (team play) Conducting commercial activity (chip buying and/or selling) Using automation software or design cheats.

What happens to stock when two public companies merge?

A merger tends to affect shareholders in the same way as an acquisition. In both mergers and acquisitions, the target company's shares typically rise after the deal announcement, while the purchasing company's shares temporarily slide.