secwatch.observer — SEC 8-K summary
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Issuer:     TAKE TWO INTERACTIVE SOFTWARE INC (TTWO)
CIK:        0000946581
Form:       8-K
Filed at:   2022-05-26T23:59:59+00:00
Accession:  0001193125-22-160004
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 1.02, 2.01, 2.03, 3.03, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Take-Two completes Zynga acquisition; issues ~46.3M shares, $3.50 cash per Zynga share
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- Merger completed May 23, 2022; Zynga stockholders received 0.0406 TTWO shares + $3.50 cash per share.
- TTWO issued approx. 46.311M shares to former Zynga holders; Zynga delisted from NASDAQ.
- Entered new $500M unsecured revolving credit facility, replacing prior credit agreement; matures in 5 years.
- Amended certificate of incorporation to increase authorized common stock to 300 million shares.
- Two Zynga directors (Ellen Siminoff, Bing Gordon) appointed to TTWO board effective upon closing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/946581/000119312522160004/0001193125-22-160004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/946581/000119312522160004/d306239d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-160004

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