M&A
confidence high
sentiment neutral
materiality 0.70
Take-Two completes Zynga acquisition; pro forma FY2022 net loss $409M
TAKE TWO INTERACTIVE SOFTWARE INC
- Pro forma combined net revenue $6.3B for FY ended March 31, 2022, vs. Take-Two standalone $3.5B.
- Pro forma net loss of $409M; diluted EPS loss of $2.46 vs. Take-Two diluted EPS of $3.58 standalone.
- Deal consideration: 0.0406 shares of TTWO plus $3.50 cash per Zynga share; total funding $2.7B notes, $350M term loan, $200M revolver.
- Pro forma total assets $17.8B; goodwill $7.1B and other intangibles $5.6B recorded from acquisition accounting.