Zynga Stock News

Yahoo Finance tech reporter Dan Howley explains what to know about Take-Two Interactive's planned acquisition of Farmville creator Zynga. Don't Miss: Valley of Hype: The Culture That Built Elizabeth H

Take-Two Interactive (TTWO) shares have sold off sharply in the wake of its announcement that it would acquire Zynga (ZNGA) for $12.7 billion, prompting BMO Capital Markets to upgrade

Take-Two Interactive Software, Inc's (NASDAQ:TTWO) intention to acquire FarmVille developer Zynga Inc (NASDAQ:ZNGA) is likely to “help smooth earnings variability while offering compelling synergy o

Take-Two Interactive shares jumped higher Wednesday after analysts at BMO Capital Markets boosted their rating on the stock following its planned takeover of Farmville maker Zynga.

The stock of Take-Two Interactive (NASDAQ: TTWO) has seen a fall of 14% over the last month, while it is down 20% over the last week. TTWO stock rose from levels of around $160 in early December 2021

One of the biggest news items of the early new year Take-Two Interactive Software, Inc.''s (NASDAQ: TTWO ) $12.7-billion acquisition of Zynga Inc (NASDAQ: ZNGA ). Zynga founder Mark Pincus shared the story of the company''s early days and some lessons along the way. What Happened: The mobile game company, perhaps best known for launching "FarmVille," was founded in 2007 and its early days trace back to providing games on Facebook , the social media platform owned by Meta Platforms Inc (NASDAQ: FB ). Pincus shared in a Twitter post : I started Zynga in Jan. 07 to build a social poker game for Facebook (which had 15m users). We put real people around a table to play with real friends. We launched five months later; it quickly ballooned into the worlds largest free poker game. Zynga started on Full story available on Benzinga.com

Take-Two may need Zynga more than Zynga needs Take-Two.

This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. (Tuesday Market Open) Equity index futures are pointing higher as investors hope to build on Mondays rebound. Monday was a wild day with the stock market living up to its roller coaster reputation. However, with Federal Reserve Chairman Jerome Powell meeting with the Senate today, investors could still be a bit skittish. Stocks sold off on the open, with the S&P 500 (SPX) dropping 1.85% in the first hour but rallied off intraday lows to trim much of its losses. The S&P 500 closed down just 0.14%. The Nasdaq Composite ((COMP:GIDS)) led the selloff, falling 2.5% in the first hour of trading and easily broke the 14,900 support level. The next level of support would be around October 2021 lows near 14,200. However, the bulls refused to concede the line and pushed back to allow the Nasdaq to close 0.05% higher on a crazy day of trading. After spiking up over 23, the VIX ( Cboe Market Volatility Index ) subsided back below 21 as stocks rallied off their mid-day lows and closed at 19.33.

Mark Pincus didn''t get the outcome he once expected, but he held onto Zynga shares long enough to generate hundreds of millions in gains.

Zynga Trades At A 10% Discount To Take-Two's Purchase Offer; Expect That Gap To Partially Close Soon

Zynga (ZNGA) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Mark Pincus didn't get the outcome he once expected, but he held onto Zynga shares long enough to generate hundreds of millions in gains.

Video game company Take-Two Interactive, known for Grand Theft Auto, NBA 2K and Red Dead Redemption, announced Monday that it is buying mobile gaming company Zynga in a blockbuster $12.7 billion deal, one of the industrys largest acquisitions to date.