TAKE-TWO INTERACTIVE SOFTWARE, INC.

(TTWO)
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Delayed Nasdaq  -  05/24 04:00:01 pm EDT
122.69 USD   -0.75%
09:18aBerenberg Bank Terminates Coverage on Zynga Following Completion of its Acquisition by Take Two Interactive
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05/23Take-Two Interactive Software Announces Offers to Purchase by Zynga Inc. of Any and All of Zynga's Outstanding 0.25% Convertible Senior Notes due 2024 and 0% Convertible Senior Notes due 2026
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05/23Take-Two Interactive Software, Inc. Completes Combination with Zynga Inc.
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Biggest deals in the consolidating videogame market

01/10/2022 | 01:34pm EDT

 
    Jan 31 (Reuters) - The videogame industry received a massive fillip from the
COVID-19 pandemic as people increasingly turned to digital entertainment during
lockdowns, and firms in the sector consolidated to boost their library of
popular titles.
    The global games market in 2021 generated total revenues of $180.3 billion
and it is expected to generate revenues of $218.8 billion by 2024, according to
data analytics firm Newzoo. 
    Videogame companies have also sharpened their focus on mobile games as
restrictions ease and people ditch their PCs and TV screens to step outside. The
mobile gaming market is likely to reach a size of $116.4 billion by 2024,
according to Newzoo.
    Xbox maker Microsoft Corp said on Jan. 18 that it would buy "Call
of Duty" videogame maker Activision Blizzard for $68.7 billion in cash,
the largest deal in the sector.
    Here is a list of the biggest videogame deals in the past few years: 
    
    Date        Acquirer        Target    Deal Value  Popular
                                                      Games
 Jan. 2022   Microsoft Corp   Activision  $68.7 bln   Call of
                              Blizzard                Duty, Candy
                                                      Crush Saga
 Jan. 2022   Take-Two         Zynga       $11.04 bln  FarmVille
             Interactive                              
                                                      
 June 2016   Tencent          Supercell   $8.6 bln    Clash of
             Holdings-led     Oy                      Clans,
             investor group                           Brawl Stars
 Sept. 2020  Microsoft Corp   Zenimax     $7.5 bln    The Elder
                                                      Scrolls 
 Nov. 2015   Activision       King        $5.9 bln    Candy Crush
             Blizzard                                 Saga 
 July 2016   Chinese          Playtika    $4.4 bln    Best
             investor group                           Fiends,
                                                      Bingo blitz
 Jan. 2022   Sony             Bungie Inc  $3.6 bln    Destiny,
             Interactive                              Marathon,
             Entertainment                            Myth, Halo
                                                      
                                                      
 Sept. 2014  Microsoft Corp   Mojang      $2.5 bln    Minecraft
                              Studios                 
 Feb. 2021   Electronic Arts  Glu Mobile  $2.4 bln    Kim
                                                      Kardashian:
                                                      Hollywood
 June 2021   Electronic Arts  Playdemic   $1.4 bln    Golf Clash
 Source: Refinitiv, an LSEG Business

 (Reporting by Eva Mathews and Akash Sriram in Bengaluru; Editing by
Ramakrishnan M. and Amy Caren Daniel)
  

© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ACTIVISION BLIZZARD, INC. -0.22% 77.03 Delayed Quote.15.78%
ELECTRONIC ARTS INC. 2.18% 136.68 Delayed Quote.3.62%
MICROSOFT CORPORATION -0.40% 259.62 Delayed Quote.-22.81%
PLAYTIKA HOLDING CORP. -3.62% 13.3 Delayed Quote.-23.08%
SONY GROUP CORPORATION -0.66% 11295 Delayed Quote.-20.90%
TAKE-TWO INTERACTIVE SOFTWARE, INC. -0.75% 122.69 Delayed Quote.-30.44%
TENCENT HOLDINGS LIMITED -0.30% 337 Delayed Quote.-24.08%
VIVENDI SE -1.44% 10.95 Real-time Quote.-7.91%
ZYNGA INC. -2.04% 8.18 End-of-day quote.0.00%
All news about TAKE-TWO INTERACTIVE SOFTWARE, INC.
09:18aBerenberg Bank Terminates Coverage on Zynga Following Completion of its Acquisition by ..
MT
05/23Take-Two Interactive Software Announces Offers to Purchase by Zynga Inc. of Any and All..
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05/23Take-Two Interactive Software, Inc. Completes Combination with Zynga Inc.
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05/23Take-Two Interactive Software, Inc. completed the acquisition of Zynga Inc. for $12.1 b..
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05/20GLOBAL MARKETS LIVE : Take-Two, ASML, Spirit Airlines, Applied Materials, Foot Locker...
05/19TAKE TWO INTERACTIVE SOFTWARE : and Zynga Inc. Stockholders Approve Proposals Related to P..
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05/19TAKE TWO INTERACTIVE SOFTWARE INC : Submission of Matters to a Vote of Security Holders, C..
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05/19Take-Two Interactive, Zynga Shareholders Approve Business Combination
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05/19Take-Two Interactive Software, Inc. and Zynga Inc. Stockholders Approve Proposals Relat..
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05/18Take-Two Interactive Software, Inc. Announces Board Appointments
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Analyst Recommendations on TAKE-TWO INTERACTIVE SOFTWARE, INC.
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Financials (USD)
Sales 2023 6 780 M - -
Net income 2023 765 M - -
Net Debt 2023 1 345 M - -
P/E ratio 2023 26,0x
Yield 2023 -
Capitalization 13 514 M 13 514 M -
EV / Sales 2023 2,19x
EV / Sales 2024 1,46x
Nbr of Employees 7 799
Free-Float 81,6%
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Number of Analysts 23
Last Close Price 122,69 $
Average target price 182,55 $
Spread / Average Target 48,8%
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Managers and Directors
Strauss H. Zelnick Executive Chairman & Chief Executive Officer
Karl Slatoff President
Lainie Goldstein Chief Financial Officer
Jon J. Moses Independent Director
Michael Dornemann Lead Independent Director
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