Take-Two Acquisition of Zynga to Close on Monday, May 23 - News
by William D'Angelo , posted on 20 May 2022 / 1,889 Views
Take-Two Interactive in January of this year announced it would acquire Zynga in a deal valued at $12.7 billion. It was the biggest deal in gaming history until later the same month when Microsoft announced its plan to acquire Activision Blizzard for $68.7 billion.
The stockholders of Take-Two and Zynga have voted to approve all proposals of the acquisition yesterday. Zynga shares will be removed and cease trading on the the NASDAQ exchange following the close of the market later today.
The deal will officially close on Monday, May 23 and the two companies will merge.
Take-Two Interactive is based in New York City and owns multiple studios and subsidiaries including Rockstar Games, 2K, Private Division, Ghost Story Games, and T2 Mobile Games. The most popular gaming franchises under Take-Two include Grand Theft Auto, Red Dead Redemption, NBA 2K, BioShock, Borderlands, and more.
Zynga is a social video game developer with thirty million monthly active users as of 2017. Its most popular games include Zynga Poker, FarmVille, and Words with Friends.
A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel. You can contact the author on Twitter @TrunksWD.
