SHAREHOLDER ALERT: WeissLaw LLP Investigates Zynga, Inc.
Jan 20, 2022 11:09 AM ET
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WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Zynga, Inc., in connection with the proposed acquisition of the Company by Take-Two Interactive Software, Inc.. Under the terms of the merger agreement, the Company's stockholders will receive $3.50 in cash and $6.36 in shares of Take-Two common stock for each share of Zynga common stock that they hold. The transaction is valued at approximately $12.7 billion. Upon closing of the transaction, current Take-Two stockholders will own between 67.2% and 70.4% and current Zynga stockholders are expected to own between 29.6% and 32.8% of the combined company on a fully diluted basis.
Joshua Rubin, Esq.
305 Broadway, 7th Floor
New York, NY 10007
WeissLaw LLP is investigating whether (i) Zynga's board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the merger consideration adequately compensates Zynga's shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at [email protected]
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