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  "documentTitle": "Take-Two Interactive | Mergers and Acquisitions Presentation Deck | 24 slides",
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  "presentationDate": "2022-01-01 00:00:00",
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      "text": "Financing: Take-Two has received committed financing of $2.7 billion; Company intends to fund cash component of transaction with cash from its balance sheet and proceeds from new debt issuance.",
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      "text": "Closing/Approvals: Expected to be completed in Take-Two's 1QFY2023, ending 6/30/22; Subject to the approval of both Take-Two and Zynga shareholders and the satisfaction of customary closing conditions; Terms of the agreement include a 45-day \"go-shop\" provision.",
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      "text": "Terms: Take-Two to acquire all outstanding shares of Zynga in a cash and stock transaction valued at $9.86 per Zynga share; Implied total enterprise value of approximately $12.7 billion; Zynga stockholders will receive $3.50 in cash and $6.36 in shares of Take-Two common stock; Purchase price represents a premium of 64% to Zynga's closing share price on January 7th.",
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      "text": "Management & Board: Zynga's leadership team, including Frank Gibeau, CEO and Bernard Kim, President of Publishing will lead the combined company's mobile studios; Take-Two agreed to expand its Board of Directors to 10 members upon closing of the transaction and will add two members from Zynga's Board of Directors.",
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      "text": "1 Within a 7.5% symmetrical collar based on a Take-Two share price of $169.19 as the midpoint.",
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