Take Two announces that the procedures envisaged foracquisition of Zyngaone of the biggest maneuvers in the history of the gaming industry, are now in the final phase and the merger is will conclude on Monday 23 May 2022.
The shareholders of both companies voted in favor of the acquisition maneuver and all the details included in this: in this case, as a consequence the shares of Zynga will be blocked on the market at the close of the stock exchange today, Friday 20 May 2022, and will not be more indicated as independent stocks on the NASDAQ index, officially joining Take Two.
The maneuver will end with an outlay of 12.7 billion dollars by Take Two, which makes this acquisition, at the moment, the largest ever concluded within the gaming industry.
Zynga joins Take Two
It will then be far exceeded by that of Activision Blizzard by Microsoft of 68.7 billion, but at the moment this is the most expensive one recorded so far as a completed operation, greatly exceeding that of Bethesda by Microsoft (7.5 billion of dollars) and that of Bungie from Sony (3.6 billion dollars).
The announcement of the acquisition was made last January and the operation in the meantime has continued through all the various economic and legal phases envisaged for a maneuver of this magnitude, evidently allowed to pass without problems by the various supervisory bodies which now seem much more active, as evidenced by recent FTC investigations.
Take Two’s intention is obviously to access Zynga’s rich intellectual property in the arena social and mobile and take advantage of the company’s experience in these areas to expand into new sectors compared to more traditional ones.