We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Zynga, Inc. (“Zynga” or the “Company”) (NASDAQ: ZNGA),in connection with the proposed acquisition of the Company by Take-Two Interactive Software, Inc. (“Take-Two”) (NASDAQ: TTWO). 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 $12.7billion. 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.
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.