Zynga, Inc.: Metro Superlawyer Lynda J. Grant Investigates Merger of Zynga and Encourages Investors to Contact The GrantLawFirm

Rhea-AI Summary

Metro Superlawyer Lynda J. Grant of the GrantLawFirm is investigating potential breaches of fiduciary duties by Zynga's officers and directors related to its merger agreement with Take-Two Interactive.

This merger, announced on January 10, 2022, involves an enterprise value of approximately $12.7 billion, offering Zynga shareholders $3.50 in cash and $6.36 in Take-Two shares per Zynga share. The deal is expected to finalize by the end of June 2023. GrantLawFirm seeks to ensure that Zynga’s board oversaw a fair process and that shareholders receive adequate compensation.

Positive

• Merger value at approximately $12.7 billion indicates significant market interest.
• Shareholders to receive total of $9.86 per share, combining cash and stock.

Negative

• Investigation suggests potential undervaluation of Zynga’s shares in the merger.
• Concerns regarding the fairness of the merger process may lead to legal risks.

NEW YORK--(BUSINESS WIRE)-- Metro Superlawyer Lynda J. Grant of the GrantLawFirm, PLLC is investigating whether the officers and directors of Zynga, Inc. (NASDAQ: ZYGA) breached their fiduciary duties or violated federal securities laws in connection with the company’s merger with Take-Two Interactive Software, Inc. (“Take-Two”).

On Jan. 10, 2022, Zynga announced that it had entered into an agreement to merge with Take-Two in a cash and stock deal with an enterprise value of about $12.7 billion. Zynga shareholders will receive $3.50 in cash and $6.36 in shares of Take-Two common stock for each share of Zynga outstanding at closing. The deal is expected to close during the first quarter of Take-Two’s fiscal year 2023, ending June 30.

TheGrantLawFirm is investigating whether the board of directors oversaw an unfair process and agreed to an inadequate merger price, and whether it can secure better results for Zynga’s shareholders.

If you own shares of Zynga and are concerned about the proposed merger or you are interested in learning more about the investigation and your legal rights and remedies, please contact Lynda J. Grant at lgrant@grantfirm.com or 212-292-4441. There is no cost or obligation to you.

About the Firm:

Lynda J. Grant is an attorney with over 30 years of experience representing wronged shareholders and consumers and is a New York Metro Superlawyer.

Attorney Advertising.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220110005676/en/

Lynda J. Grant

lgrant@grantfirm.com

212-292-4441

Source: GrantLawFirm, PLLC

FAQ

What is the value of Zynga's merger with Take-Two?

The merger has an enterprise value of approximately $12.7 billion.

How much will Zynga shareholders receive in the merger?

Zynga shareholders will receive $3.50 in cash and $6.36 in Take-Two common stock for each Zynga share.

When is the merger expected to close?

The merger is expected to close by the end of Take-Two's fiscal year 2023, around June 30, 2023.

Who is investigating Zynga's merger with Take-Two?

Lynda J. Grant of the GrantLawFirm is conducting the investigation.

What are the concerns regarding Zynga's merger process?

The investigation is focused on whether the process was fair and if the merger price was adequate for shareholders.