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Take-Two Interactive Stock

Take-Two Could Have Make or Break 2023

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In January 2022, Take-Two Interactive (NASDAQ: TTWO) announced one of the biggest game industry acquisitions ever with a $12+ billion purchase of mobile game provide Zynga.  That news lasted for a week until it was overshadowed by Microsoft’s planned purchase of Activision Blizzard for $68 billion. While the Microsoft/ATVI deal is struggling to get approval, the Take-Two/Zynga deal was easily completed in May.  Now Take-Two is struggling with the difficult process of co…..
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Take-Two Stock

Take-Two Results Reflect Zynga Acquisition

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Take-Two Interactive (NASDAQ: TTWO) reported a substantial revenue increase for the first six months of fiscal 2023 ending 9/30/22.  Revenue for the six-month period was up 54% to $3.9 billion.  However, the company reported a loss of $361 million. Analysis In late May, Take-Two completed its $12 billion acquisition of Zynga and that is responsible for both the revenue gain and the loss.  Like most…..
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Take-Two Zynga

Take-Two Completes Zynga Acquisition

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Take-Two Interactive (NASDAQ: TTWO) announced it has completed its acquisition of mobile game developer Zynga.  The deal was announced in January 2022 and valued Zynga at over $12 billion. Analysis Zynga was an original pioneer of social games on Facebook.  The 2011 Zynga IPO was highly hyped.  At the time, DFC Intelligence was a critic of the high valuation.  However, Zynga had clearly impr…..
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