It remains business as usual at Zynga for today, tomorrow, and as
we continue to execute, and we request that you stay focused on
your day-to-day responsibilities.
This combination does not change what makes us Zynga, our culture,
or our mission of connecting the world through games. We are
counting on all of you to continue delivering the high-quality
experience our players expect from us.
I know that you will have questions, so we’ve included an FAQ to
address some of them. Over the next week, the management team and I
will be replacing our currently scheduled All-Hands meetings with AMA sessions
where we will answer your questions. We encourage you to submit any
questions in advance here, so we can address them.
Please refer any outside inquiries that you receive related to this
transaction to Rebecca Lau (investors—relau@zynga.com) and Kenny
Johnston (media—kjohnston@zynga.com). If you receive questions from
our partners, suppliers or other outside parties, please relay to
your direct manager. It is important that you do not discuss or
respond to discussions on social media regarding the
transaction.
I’m very excited to begin this next chapter and for the future of
Zynga. Your dedication and hard work are what enable us to continue
to raise the bar and seek to change the gaming industry forever –
thank you.
Frank
Forward-Looking Statements
Statements contained herein which are not historical facts may be
considered forward-looking statements under federal securities laws
and may be identified by words such as “anticipates,” “believes,”
“estimates,” “expects,” “intends,” “plans,” “potential,”
“predicts,” “projects,” “seeks,” “should,” “will,” or words of
similar meaning and include, but are not limited to, statements
regarding the proposed business combination of Take-Two and Zynga and the outlook for
Take-Two’s or Zynga’s
future business and financial performance. Such forward-looking
statements are based on the current beliefs of Take-Two’s and Zynga’s respective
management as well as assumptions made by and information currently
available to them, which are subject to inherent uncertainties,
risks and changes in circumstances that are difficult to predict.
Actual outcomes and results may vary materially from these
forward-looking statements based on a variety of risks and
uncertainties including: the occurrence of any event, change or
other circumstances that could give rise to the termination of the
merger agreement; the inability to obtain Take-Two’s or Zynga’s respective
stockholder approval or the failure to satisfy other conditions to
completion of the proposed combination, including receipt of
regulatory approvals, on a timely basis or at all; risks that the
proposed combination disrupts each company’s current plans and
operations; the diversion of the attention of the respective
management teams of Take-Two and Zynga from their
respective ongoing business operations; the ability of either
Take-Two, Zynga or the
combined company to retain key personnel; the ability to realize
the benefits of the proposed combination, including net bookings
opportunities and cost synergies; the ability to successfully
integrate Zynga’s business with Take-Two’s business or to integrate the
businesses within the anticipated timeframe; the outcome of any
legal proceedings that may be instituted against Take-Two, Zynga or others following
announcement of the proposed combination; the amount of the costs,
fees, expenses and charges related to the proposed combination; the
uncertainty of the impact of the COVID-19 pandemic and measures taken in
response thereto; the effect of economic, market or business
conditions, including competition, consumer demand and the
discretionary spending patterns of customers, or changes in such
conditions, have on Take-Two’s, Zynga’s and the combined
company’s operations, revenue, cash flow, operating expenses,
employee hiring and retention, relationships with business
partners, the development, launch or monetization of games and
other products, and customer engagement, retention and growth; the
risks of conducting Take-Two’s and Zynga’s business
internationally; the impact of changes in interest rates by the
Federal Reserve and other central banks; the impact of potential
inflation, volatility in foreign currency exchange rates and supply
chain disruptions; the ability to maintain acceptable pricing
levels and monetization rates for Take-Two’s and Zynga’s games; and risks
relating to the market value of Take-Two’s common stock to be issued in
the proposed combination.
