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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.  Li…..
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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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Take-Two Acquires Zynga in Major Move Into Mobile Games

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One week into 2022 we have our first major video game acquisition as Take-Two Interactive (NASDAQ: TTWO) intends to acquire mobile game publisher Zynga (NASDAQ: ZNGA). The acquisition will be another attempt by a console game publisher to enter the mobile game space. The big three North America console video game publishers, Electronic Arts (NASDAQ: EA), Activision Blizzard (NA…..
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