On January 10, 2022, Take-Two Interactive and Zynga, two leaders in interactive and mobile entertainment, announced that they have entered into a definitive agreement under which Take-Two will acquire Zynga in a cash and stock transaction valued at $9.86 per Zynga share, based on the market close as of January 7, 2022. This represents a total enterprise value of approximately $12.7 billion. Wilson Sonsini Goodrich & Rosati is advising Zynga on the transaction.

The deal, which is expected to be completed later in 2022, is subject to the approval of both Take-Two and Zynga stockholders and the satisfaction of customary closing conditions, including applicable regulatory approvals.

The Wilson Sonsini team that advised Zynga on the transaction includes:

Corporate/M&A
Marty Korman
Steve Bernard
Doug Schnell
Remi Korenblit
Ross Tanaka
Joy-Annette Atsegbua
Ryan Cooper

Corporate Finance
John Mao
Michael Occhiolini
Michael Rosati
Andrew Ralston
Stephen Horton
Joseph Catapano

Employee Benefits and Compensation
John Aguirre
Jaqueline Tokuda
Jason Chan
Toni Jennings

Tax
Myra Sutanto Shen
Nika Antonikova

Employment Law
Rebecca Stuart
Allison Ivey
Meaghan Snyder

Antitrust
Jamillia Ferris
Kimberley Biagioli
Jake Philipoom

Delaware Law
Amy Simmerman
Ryan Greecher

Technology Transactions
Christopher Paniewski
Keien Williams
Barclay Oudersluys
Whitman Shaw
Morgan Dudkewitz

Real Estate and Environmental
Susan Reinstra
Brooke Elberger
Yue Shi
Martin Sul
Jeremiah Nelson
Sierra Bunnell

Privacy and Cybersecurity
Matthew Staples
Daniel Chen
Mudasar Khan
Edward Ruse

National Security/Regulatory
Joshua Gruenspecht
Tarek Helou
Anne Seymour
Jonathan Davey
Stephen Cheng

Litigation
Ignacio Salceda

For more information, please see the companies' press release.