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Zynga Inc. (ZNGA)

NasdaqGS - NasdaqGS Real-time price. Currency in USD
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8.18-0.17 (-2.04%)
At close: 04:00PM EDT
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  • b
    bill
    Does anyone have an idea of when our shares will officially switch from znga to ttwo? I haven’t received any word as of yet…
  • M
    Mercyroad
    So what was our merger price on TTWO? I see the shares in my account but no cost basis.
  • B
    Bella
    Far more money has been lost by investors trying to anticipate corrections, than lost in the corrections themselves
  • R
    Roger
    Would the last one out turn off the lights...

    Looking forward to owning TTWO as a long-term hold.
  • U
    UncommonSense
    5/23 sale closing date per the TTWO earnings release today.
  • G
    George
    If I buy Znga @ $8.3 today, do I still get $3.50 in cash and $6.361 in shares of Take-Two common stock? Does it make any sense?!
  • D
    DERENZIS
    I am staying far away from ZNGA - It looks like it is going to drop off a cliff. I actually get way better stocks at (http://Themaxgains.tech)
  • U
    UncommonSense
    Now that the closing date is known (5/23), the VWAP is irrelevant. The VWAP is below the collar range so the exchange ratio is set. You'll get $3.50 in cash plus .0406 shares of TTWO for each share of ZNGA. ZNGA value is now directly correlated to the current TTWO price, not the VWAP. With TTWO at 120, ZNGA is valued at $8.37. $3.50 + (.0406*120) = $8.37
  • G
    Glenmorangie
    I'm glad I bailed on this in the lows $9s. I really didn't think TTWO would crash that much over this period, but then, the entire market has been soft. As hopeful as I was for Zynga this year prior to the merger announcement, I'm glad it has happened to finally put me out of my misery and free the grasp this stock had on me for four years.
  • v
    venky1122
    Since the deal is finalised and one more day to go. Can we buy today with leverage and get 3,50 cash & .0406 Dhar of TTWO?
  • U
    UncommonSense
    Good luck Zyngans. One more day to go. For what its worth I think TTWO is the next takeover target in the $180 range, and it likely gets to that price with or without an offer.
  • O
    OM
    The transaction includes a collar mechanism on the equity consideration, so that if Take-Two’s 20-day volume weighted average price (VWAP) ending on the third trading day prior to closing is in a range from $156.50 to $181.88, the exchange ratio would be adjusted to deliver total consideration value of $9.86 per Zynga share (including $6.36 of equity value based on that VWAP and $3.50 in cash). If the VWAP exceeds the higher end of that range, the exchange ratio would be 0.0350 per share, and if the VWAP falls below the lower end of that range, the exchange ratio would be 0.0406 per share.

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    Within the collar range, the final number of Take-Two shares estimated to be issued on a fully diluted basis will range between approximately 50.3 million and 58.5 million shares. Upon closing of the transaction, current Take-Two stockholders will own between 67.2% and 70.4% and current Zynga stockholders are expected to own between 29.6% and 32.8% of the combined company on a fully diluted basis, respectively, including the shares associated with expected settlement of Zynga’s two outstanding series of convertible notes due 2024 and 2026.
  • b
    bekas
    Just saw ZNGA published on the daily alert watchlist at (http://market-engross.club)
  • O
    OM
    Wow take two results were above expectations . Ttwo will pop tomorrow and thus so will Znga . 9.89 a share may still be in the cards .
  • R
    Razorback
    Now that deal is approved, I wonder when TTWO will issue new guidence for the combined companies? Since we haven't been getting guidence from Znga, be interesting to see what net income could be, especially with all the contingency payments being done. Might hold my TTWO shares.
  • H
    Hawdet
    Zynga Inc.
    $ZNGA any idea on this one?
  • m
    mike
    How to get my conversions been 3 weeks and no communication
  • C
    C. H. Chrysler
    One thing I am not going to miss: all the spam on this board
  • W
    Wow
    I picked PED Basically no Debt, more wells online and 18 more wells already approved and scheduled for 2022 Super Bullish long term on this one. 300% EPS 🆙
  • O
    OM
    Take two was the number 1 pick for LOUP VENTURES was just on CNBC . They say TTWO is going to go way up has a huge upside until 2025 with their new merge and the new games and meta verse.