January 11, 2022 | Technology | North America | Ended
In one of the biggest gaming acquisitions to date, Take-Two Interactive (“Take-Two”) agreed on 10-Jan-22 to acquire fellow video game developer Zynga, in cash and stock deal worth $12.7bn. Take-Two is offering $3.50 in cash and $6.36 in Take-Two shares to value Zynga at $9.86 per share, implying a one-day takeover premium of 64%. The agreement includes a collar: the share exchange ratio will be adjusted to deliver a total consideration of $9.86 per Zynga share as long as Take-Two’s 20-day volume weighted average price (VWAP) ending on the third trading day ...
Please contact us to request access to this report.