NEW YORK, May 23, 2022--Take-Two Interactive Software, Inc. (NASDAQ: TTWO) ("Take-Two") today announced that its wholly owned subsidiary Zynga Inc. (f/k/a Zebra MS II, Inc.) has commenced tender offers to repurchase any and all of Zynga’s outstanding 0.25% Convertible Senior Notes due 2024 (the "2024 Notes") and 0% Convertible Senior Notes due 2026 (the "2026 Notes" and, together with the 2024 Notes, the "Notes") in compliance with the terms of the indentures governing the Notes (the "Indentures
NEW YORK, May 23, 2022--Take-Two Interactive Software, Inc. (NASDAQ: TTWO) ("Take-Two" or the "Company") announced today the completion of its combination with Zynga Inc. ("Zynga"). Under the terms of the merger agreement, Zynga stockholders received $3.50 in cash and 0.0406 shares of Take-Two common stock per share of Zynga common stock.
Take-Two Interactive (NASDAQ: TTWO) shareholders leveled up against the market this week. Take-Two executives announced on Monday that sales rose 11% for the first-quarter selling period that ended in late March, amid robust demand for digital entertainment. The delay of one or more of those titled could pressure Take-Two's sales in 2022, as they have for rival Activision Blizzard.