NEW YORK--(BUSINESS WIRE)--Metro Superlawyer Lynda J. Grant of the GrantLawFirm, PLLC is investigating whether the officers and directors of Zynga, Inc. (NASDAQ: ZYGA) breached their fiduciary duties or violated federal securities laws in connection with the company’s merger with Take-Two Interactive Software, Inc. (“Take-Two”).
On Jan. 10, 2022, Zynga announced that it had entered into an agreement to merge with Take-Two in a cash and stock deal with an enterprise value of about $12.7 billion. Zynga shareholders will receive $3.50 in cash and $6.36 in shares of Take-Two common stock for each share of Zynga outstanding at closing. The deal is expected to close during the first quarter of Take-Two’s fiscal year 2023, ending June 30.
TheGrantLawFirm is investigating whether the board of directors oversaw an unfair process and agreed to an inadequate merger price, and whether it can secure better results for Zynga’s shareholders.
If you own shares of Zynga and are concerned about the proposed merger or you are interested in learning more about the investigation and your legal rights and remedies, please contact Lynda J. Grant at lgrant@grantfirm.com or 212-292-4441. There is no cost or obligation to you.
About the Firm:
Lynda J. Grant is an attorney with over 30 years of experience representing wronged shareholders and consumers and is a New York Metro Superlawyer.
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