This Amendment No. 1 to the Tender Offer Statement on Schedule TO
(“Amendment No. 1”) amends the Tender Offer Statement on
Schedule TO originally filed by Zynga Inc., as subject company and
issuer (the “Successor Company”), and Take-Two Interactive
Software, Inc., as an affiliate of the issuer (“Parent”),
with the Securities and Exchange Commission on May 23, 2022 (the
“Original Schedule TO”, and together with this Amendment No.
1 and any subsequent amendments and supplements thereto, the
“Schedule TO”) relating to the right of each holder of the
applicable Notes (as defined below) to require the Successor
Company to repurchase, at such holder’s option:
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in the case of the 2024 Notes (as defined below), 100% of the
principal amount of the 2024 Notes, plus accrued and unpaid
interest thereon to, but excluding, June 23, 2022, pursuant to the
terms and conditions of (i) the Offer to Purchase and Notice of
Fundamental Change, Make-Whole Fundamental Change, Share Exchange
Event, Settlement Method and Entry into Supplemental Indenture to
holders of 0.25% Convertible Senior Notes due 2024 (the “2024
Notes”), dated May 23, 2022 (the “2024 Notes Notice”),
attached as Exhibit (a)(1)(i) to the Original Schedule TO, (ii) the
2024 Indenture (as defined in the Original Schedule TO) and (iii)
the 2024 Notes; and
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in the case of the 2026 Notes (as defined below), 100% of the
principal amount of the 2026 Notes pursuant to the terms and
conditions of (i) the Offer to Purchase and Notice of Fundamental
Change, Make-Whole Fundamental Change, Share Exchange Event,
Settlement Method and Entry into Supplemental Indenture to holders
of 0.00% Convertible Senior Notes due 2026 (the “2026 Notes”
and, together with the 2024 Notes, the “Notes”), dated May
23, 2022 (the “2026 Notes Notice” and, together with the
2024 Notes Notice, the “Notes Notices”), attached as Exhibit
(a)(1)(ii) to the Original Schedule TO, (ii) the 2026 Indenture (as
defined in the Original Schedule TO) and (iii) the 2026 Notes.
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The information in the Notes Notices, which were previously filed
with the Original Schedule TO, is hereby expressly incorporated by
reference into this Amendment No. 1, except that such information
is hereby amended and restated to the extent specifically provided
in this Amendment No. 1.
This Schedule TO is filed by Parent and the Successor Company and
is intended to satisfy the disclosure requirements of
Rules 13e-4(c)(2) and 13e-4(d)(1) under the
Securities Exchange Act of 1934, as amended. All capitalized terms
used but not specifically defined in this Schedule TO shall have
the meanings given to such terms in the Notes Notices, as
applicable.
Items 1 through 9, and Item 11.
Items 1 through 9, and Item 11 of the Schedule TO, to the extent
they incorporate by reference information contained in the Notes
Notices, are hereby amended as follows:
The first paragraph under the heading “Cautionary Note Regarding
Forward-Looking Statements” in the 2024 Notes Notice and the 2026
Notes Notice is hereby amended and restated in its entirety as
follows:
Certain statements in this Notice or incorporated by reference
herein may constitute forward-looking statements. These statements
are based on current expectations, estimates, or forecasts about
our businesses, the industries in which we operate, and the current
beliefs and assumptions of management; they do not relate strictly
to historical or current facts. Without limiting the foregoing,
words or phrases such as “expect,” “anticipate,” “goal,” “project,”
“intend,” “plan,” “believe,” “seek,” “may,” “could,” “aspire,” and
variations of such words and similar expressions generally identify
forward-looking statements. In addition, any statements that refer
to predictions or projections of our future financial performance,
anticipated growth, strategic objectives, performance drivers and
trends in our businesses, and other characterizations of future
events or circumstances are forward-looking statements. Readers are
cautioned that these forward-looking statements are only
predictions about future events, activities or developments and are
subject to numerous risks, uncertainties, and assumptions that are
difficult to predict, including: risks that the Combination
disrupts our current plans and operations; the diversion of our
management team from its ongoing business operations; our ability
to retain key personnel; our ability to realize the benefits of the
Combination,
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