Where You Can Find More Information

WHERE YOU CAN FIND MORE INFORMATION

Take-Two and Zynga file annual, quarterly and current reports, proxy statements and other information with the SEC. The SEC maintains a website that contains reports, proxy and information statements and other information regarding issuers that file electronically with the SEC, including both Take-Two and Zynga, which you can access at www.sec.gov. In addition, you may obtain free copies of the documents Take-Two and Zynga file with the SEC, including the registration statement on Form S-4 of which this joint proxy statement/prospectus forms a part, by going to Take-Two’s and Zynga’s websites at https://ir.take2games.com and https://investor.zynga.com, respectively. The websites of Take-Two and Zynga are provided as inactive textual references only. The information contained on or accessible through the websites of Take-Two and Zynga (other than the documents listed below that are incorporated by reference herein) does not constitute a part of this joint proxy statement/prospectus, and is not incorporated by reference herein.

Statements contained or incorporated by reference in this joint proxy statement/prospectus regarding the contents of any contract or other document are not necessarily complete, and each such statement is qualified in its entirety by reference to the full text of that contract or other document filed as an exhibit with the SEC. The SEC allows Take-Two and Zynga to “incorporate by reference” in this joint proxy statement/prospectus documents that Take-Two and Zynga file with the SEC, including certain information required to be included in the registration statement on Form S-4 of which this joint proxy statement/prospectus forms a part. This means that Take-Two and Zynga can disclose important information to you by referring you to those documents. The information incorporated by reference herein is considered to be a part of this joint proxy statement/prospectus, and later information that Take-Two and Zynga file with the SEC will update and supersede that information. Each of Take-Two and Zynga incorporate by reference the following documents and any documents subsequently filed by it pursuant to Section 13(a), 13(c), 14 or 15(d) of the Exchange Act and before the date of its applicable special meeting (other than, in each case, those documents, or the portions of those documents or exhibits thereto, deemed to be furnished and not filed in accordance with SEC rules). These documents contain important information about Take-Two’s and Zynga’s businesses and financial performance.

This document incorporates by reference the following documents that have been previously filed with the SEC by Take-Two:

•

Take-Two’s Annual Report on Form 10-K for the fiscal year ended March 31, 2021, filed with the SEC on May 19, 2021;

•

the information specifically incorporated by reference in Take-Two’s Annual Report on Form 10-K for the fiscal year ended March 31, 2021 from Take-Two’s definitive proxy statement on Schedule 14A for Take-Two’s 2021 annual meeting of stockholders, filed with the SEC on July 27, 2021;

•

Take-Two’s Quarterly Reports on Form 10-Q for the fiscal quarters ended June 30, 2021, September  30, 2021, and December 31, 2021 filed with the SEC on August  3, 2021, November  4, 2021, and February 8, 2022, respectively;

•

Take-Two’s Current Reports on Form 8-K (excluding any information and exhibits furnished under Item 2.02 or 7.01 thereof) filed with the SEC on June 2, 2021, July  30, 2021, September  17, 2021, and January 10, 2022; and

•

the description of shares of Take-Two common stock contained in Take-Two’s registration statement on Form 8-A, filed with the SEC on March  26, 2008, as updated by Exhibit 4.1 to Take-Two’s Annual Report on Form 10-K for the fiscal year ended March 31, 2021, including any subsequent amendment thereto or reports filed for the purpose of updating this description.

If you are a Take-Two stockholder, you may request a copy of this joint proxy statement/prospectus, any of the documents incorporated by reference in this joint proxy statement/prospectus or other information concerning Take-Two, without charge, through the SEC’s website at www.sec.gov or by written or telephonic request to:

Take-Two Interactive Software, Inc.

110 West 44th Street, New York, New York 10036

Attn: Corporate Secretary

(646) 536-2842

This document incorporates by reference the following documents that have been previously filed with the SEC by Zynga:

•

Zynga’s Annual Report on Form 10-K and Form 10-K/A for the fiscal year ended December 31, 2021, filed with the SEC on February 25, 2022 and April 4, 2022, respectively;

•

the information specifically incorporated by reference in Zynga’s Annual Report on Form 10-K for the fiscal year ended December  31, 2020 from Zynga’s definitive proxy statement on Schedule 14A for Zynga’s 2021 annual meeting of stockholders, filed with the SEC on April 5, 2021;

•

Zynga’s Current Reports on Form 8-K (excluding any information and exhibits furnished under Item 2.02 or 7.01 thereof) filed with the SEC on January  10, 2022, and March 14, 2022; and

•

the description of shares of Zynga common stock contained in Zynga’s registration statement on Form 8-A, filed with the SEC on December 9, 2011, including any amendments thereto or reports filed for the purpose of updating this description.

If you are a Zynga stockholder, you may request a copy of this joint proxy statement/prospectus, any of the documents incorporated by reference to this joint proxy statement/prospectus or other information concerning Zynga, without charge, through the SEC’s website at www.sec.gov or by written or telephonic request to:

Investor Relations Department

Zynga Inc.

699 Eighth Street, San Francisco, CA 94103

or https://investor.zynga.com/contact-us-form

or investors@zynga.com

Annex A

EXECUTION

AGREEMENT AND PLAN OF MERGER

among

TAKE-TWO INTERACTIVE SOFTWARE, INC.,

ZEBRA MS I, INC.,

ZEBRA MS II, INC.,

and

ZYNGA INC.

Dated as of January 9, 2022

				Page
ARTICLE I THE COMBINATION					A-2
Section 1.1.		The Merger and the Subsequent Merger			A-2
Section 1.2.		Closing			A-2
Section 1.3.		Effective Time			A-2
Section 1.4.		Effects of the Combination			A-2
Section 1.5.		Surviving Corporation Constituent Documents			A-3
Section 1.6.		Surviving Corporation Directors and Officers			A-3
Section 1.7.		Capital Stock			A-3
Section 1.8.		Treatment of Options, RSUs and Employee Stock Purchase Plan.			A-4
Section 1.9.		Reorganization			A-6
ARTICLE II EXCHANGE OF CERTIFICATES					A-6
Section 2.1.		Exchange Fund			A-6
Section 2.2.		Exchange Procedures			A-7
Section 2.3.		Distributions with Respect to Unexchanged Shares			A-8
Section 2.4.		No Further Ownership Rights in Company Common Stock			A-8
Section 2.5.		No Fractional Shares of Parent Common Stock			A-8
Section 2.6.		Termination of Exchange Fund			A-8
Section 2.7.		No Liability			A-8
Section 2.8.		Investment of the Exchange Fund			A-8
Section 2.9.		Lost Certificates			A-9
Section 2.10.		Withholding Rights			A-9
Section 2.11.		Further Assurances			A-9
Section 2.12.		Stock Transfer Books			A-9
ARTICLE III REPRESENTATIONS AND WARRANTIES OF THE COMPANY					A-9
Section 3.1.		Corporate Organization			A-9
Section 3.2.		Qualification to Do Business			A-10
Section 3.3.		No Conflict or Violation			A-10
Section 3.4.		Consents and Approvals			A-10
Section 3.5.		Authorization and Validity of Agreement			A-10
Section 3.6.		Capitalization and Related Matters			A-11
Section 3.7.		Subsidiaries and Equity Investments			A-12
Section 3.8.		Company SEC Reports			A-13
Section 3.9.		Absence of Certain Changes or Events			A-13
Section 3.10.		Tax Matters			A-13
Section 3.11.		Absence of Undisclosed Liabilities			A-14
Section 3.12.		Company Property			A-15
Section 3.13.		Intellectual Property			A-15
Section 3.14.		Licenses and Permits			A-17
Section 3.15.		Compliance with Law.			A-18
Section 3.16.		Litigation			A-18
Section 3.17.		Contracts			A-18
Section 3.18.		Employee Plans			A-20
Section 3.19.		Insurance			A-22
Section 3.20.		Affiliate Transactions			A-22
Section 3.21.		Platforms, Vendors and Advertisers			A-22
Section 3.22.		Labor Matters			A-23
Section 3.23.		Environmental Matters			A-24
Section 3.24.		No Brokers			A-25
Section 3.25.		State Takeover Statutes			A-25

A-i

Section 3.26.		Opinion of Financial Advisor			A-25
Section 3.27.		Board Approval; Joint Proxy Statement/Prospectus			A-25
Section 3.28.		Vote Required			A-26
Section 3.29.		No Improper Payments to Foreign Officials; Trade Laws			A-26
Section 3.30.		Privacy and Data Security			A-26
Section 3.31.		CARES Act			A-27
Section 3.32.		Stock Ownership			A-27
Section 3.33.		No Other Representations or Warranties			A-27
ARTICLE IV REPRESENTATIONS AND WARRANTIES OF PARENT, MERGER SUB 1 AND MERGER SUB 2					A-28
Section 4.1.		Organization			A-28
Section 4.2.		Qualification to Do Business			A-28
Section 4.3.		No Conflict or Violation			A-28
Section 4.4.		Consents and Approvals			A-29
Section 4.5.		Authorization and Validity of Agreement			A-29
Section 4.6.		Capitalization and Related Matters			A-29
Section 4.7.		Subsidiaries and Equity Investments			A-30
Section 4.8.		Parent SEC Reports			A-30
Section 4.9.		Absence of Certain Changes or Events			A-31
Section 4.10.		Tax Matters			A-31
Section 4.11.		Absence of Undisclosed Liabilities			A-32
Section 4.12.		Compliance with Law			A-32
Section 4.13.		Litigation			A-33
Section 4.14.		No Brokers			A-33
Section 4.15.		State Takeover Statutes			A-33
Section 4.16.		Board Approval; Joint Proxy Statement/Prospectus			A-33
Section 4.17.		Vote Required			A-34
Section 4.18.		Stock Ownership			A-34
Section 4.19.		Financing			A-34
Section 4.20.		Opinion of Financial Advisor			A-36
Section 4.21.		No Other Representations or Warranties			A-36
ARTICLE V COVENANTS OF THE COMPANY					A-36
Section 5.1.		Conduct of Business Before the Closing Date			A-36
Section 5.2.		Notice of Breach			A-39
ARTICLE VI COVENANTS OF PARENT, MERGER SUB 1 AND MERGER SUB 2					A-39
Section 6.1.		Conduct of the Business Before the Closing Date			A-39
Section 6.2.		Employee Benefits			A-41
Section 6.3.		Indemnification Continuation			A-43
Section 6.4.		Notice of Breach			A-44
ARTICLE VII ADDITIONAL COVENANTS OF THE PARTIES					A-44
Section 7.1.		Preparation of Joint Proxy Statement/Prospectus and Registration Statement; Stockholder Meetings			A-44
Section 7.2.		Access to Information			A-47
Section 7.3.		Efforts			A-48
Section 7.4.		Company Go-Shop; Company No-Shop; Company Alternative Acquisition Proposals			A-50
Section 7.5.		Parent No-Shop; Parent Alternative Acquisition Proposals			A-54
Section 7.6.		Stockholder Litigation			A-57
Section 7.7.		Maintenance of Insurance			A-57
Section 7.8.		Public Announcements			A-58
Section 7.9.		No Rights Plan; Anti-Takeover Laws			A-58
Section 7.10.		Section 16 Matters			A-58
Section 7.11.		Reorganization			A-59

A-ii

Section 7.12.		Parent Board of Directors			A-59
Section 7.13.		Financing			A-59
Section 7.14.		Financing Assistance			A-60
Section 7.15.		Convertible Notes; Capped Call Transactions			A-63
Section 7.16.		Parent Vote at Merger Subs			A-63
Section 7.17.		NASDAQ Listing			A-63
Section 7.18.		Parent Charter Amendment			A-63
Section 7.19.		Resignations of Directors			A-63
ARTICLE VIII CONDITIONS PRECEDENT					A-64
Section 8.1.		Conditions to Each Party’s Obligation to Effect the Combination			A-64
Section 8.2.		Additional Conditions to Obligations of Parent, Merger Sub 1 and Merger Sub 2			A-64
Section 8.3.		Additional Conditions to Obligations of the Company			A-65
ARTICLE IX TERMINATION					A-66
Section 9.1.		Termination			A-66
Section 9.2.		Effect of Termination			A-67
Section 9.3.		Amendment			A-69
Section 9.4.		Extension; Waiver			A-70
ARTICLE X MISCELLANEOUS					A-70
Section 10.1.		Non-Survival of Representations, Warranties and Agreements			A-70
Section 10.2.		Disclosure Schedules			A-70
Section 10.3.		Successors and Assigns			A-70
Section 10.4.		Governing Law; Jurisdiction; Specific Performance			A-70
Section 10.5.		Expenses			A-71
Section 10.6.		Severability; Construction			A-72
Section 10.7.		Notices			A-73
Section 10.8.		Entire Agreement			A-74
Section 10.9.		Parties in Interest			A-74
Section 10.10.		Section and Paragraph Headings			A-75
Section 10.11.		Counterparts			A-75
Section 10.12.		Definitions			A-75
Section 10.13.		Financing Sources			A-87

Exhibit A      Form of Parent Charter Amendment

A-iii

GLOSSARY OF DEFINED TERMS

The location of the definition of each capitalized term used in this Agreement is set forth in this Glossary:

Defined Term		Section
Agreement		Preamble
Alternative Acquisition Agreement		Section 7.4(f)
Bribery Laws		Section 3.29(a)
Business Systems		Section 3.13(f)
Cash Consideration		Section 1.7(a)(i)
Certificate		Section 1.7(a)(ii)
Certificate of Merger		Section 1.3
Change of Recommendation		Section 7.4(f)
Closing		Section 1.2
Closing Date		Section 1.2
Code		Recitals
Combination		Recitals
Company		Preamble
Company Alternative Acquisition Proposal		Section 9.2(l)
Company Class B Common Stock		Section 3.6(a)
Company Class C Common Stock		Section 3.6(a)
Company Common Stock		Recitals
Company Defined Contribution Plan		Section 6.2(d)
Company Insiders		Section 7.10
Company Lease		Section 3.12(b)
Company Leases		Section 3.12(b)
Company Licenses and Permits		3.14
Company No-Shop Period Start Date		Section 7.4(b)
Company Preferred Stock		Section 3.6(a)
Company Property		Section 3.12(b)
Company Recommendation		Section 3.27(a)
Company Registered Intellectual Property		Section 3.13(b)
Company SEC Reports		Section 3.8(a)
Company Section 16 Information		Section 7.10
Company Stockholders Meeting		Section 3.27(a)
Confidentiality Agreement		Section 7.1(f)
Continuing Company Employee		Section 6.2(a)
Contract		Section 3.17(c)
DGCL		Recitals
Dissenting Shares		Section 1.7(a)(v)
DOJ		Section 7.3(b)
Effective Time		Section 1.3
Environmental Laws		Section 3.23(a)
Exchange Act		Section 3.4
Exchange Agent		Section 2.1
Exchange Fund		Section 2.1
Exchange Ratio		Section 1.7(a)(i)
FTC		Section 7.3(b)
Go-Shop Period		Section 7.4(a)
Grant Date		Section 3.6(b)
HSR Act		Section 3.4
Indemnified Person		Section 6.3(a)

A-1

J.P. Morgan		Section 4.14
Joint Proxy Statement/Prospectus		Section 3.27(a)
LionTree		Section 4.14
Malicious Code		Section 3.13(h)
Merger		Recitals
Merger Consideration		Section 1.7(a)(i)
Merger Sub 1		Preamble
Merger Sub 2		Preamble
NASDAQ		Section 3.15(b)
New Plans		Section 6.2(c)
Non-UA Vendor Contracts		Section 3.17(c)(ii)
No-Shop Period Start Date		Section 7.4(b)
Parent		Preamble
Parent Alternative Acquisition Proposal		Section 9.2(l)
Parent Common Stock		Recitals
Parent No-Shop Period Start Date		Section 7.5(a)
Parent Preferred Stock		Section 4.6(a)
Parent SEC Reports		Section 4.8(a)
Parent Share Issuance		Section 3.27(a)
Parent Stockholders Meeting		Section 3.27(a)
Platform		Section 3.17(c)(i)
Platform Contracts		Section 3.17(c)(i)
Proceeding		Section 6.3(a)
Registration Statement		Section 7.1(a)
Regulatory Law		Section 7.3(b)
Required Company Vote		Section 3.28
Required Parent Vote		Section 4.17
Sarbanes-Oxley Act		Section 3.15(b)
Secretary of State		Section 1.3
Securities Act		Section 3.4
Stock Consideration		Section 1.7(a)(i)
Subsequent Certificate of Merger		Section 1.3
Subsequent Effective Time		Section 1.3
Subsequent Merger		Recitals
Support Agreement		Recitals
Surviving Company		Section 1.1
Surviving Corporation		Section 1.1
Termination Date		Section 9.1(b)
Treasury Regulations		Recitals
Treasury Shares		Section 1.7(a)(vi)
Uncertificated Company Stock		Section 1.7(a)(ii)
Vendor		Section 3.17(c)(ii)

A-2

AGREEMENT AND PLAN OF MERGER

AGREEMENT AND PLAN OF MERGER, dated as of January 9, 2022 (this “Agreement”), among Take-Two Interactive Software, Inc., a Delaware corporation (“Parent”), Zebra MS I, Inc., a Delaware corporation and a direct Wholly Owned Subsidiary of Parent (“Merger Sub 1”), Zebra MS II, Inc., a Delaware corporation and a direct Wholly Owned Subsidiary of Parent (“Merger Sub 2”), and Zynga Inc., a Delaware corporation (the “Company”).

W I T N E S S E T H:

WHEREAS, the respective Boards of Directors of Parent, Merger Sub 1, Merger Sub 2 and the Company have each approved and declared advisable the merger of Merger Sub 1 with and into the Company (the “Merger”), upon the terms and subject to the conditions set forth in this Agreement and in accordance with the applicable provisions of the General Corporation Law of the State of Delaware (the “DGCL”), pursuant to which each share of Class A Common Stock, par value $0.00000625 per share, of the Company (“Company Common Stock”), issued and outstanding immediately prior to the Effective Time, other than Dissenting Shares and Treasury Shares, will be converted into the right to receive a combination of cash and shares of common stock, par value $0.01 per share, of Parent (“Parent Common Stock”);

WHEREAS, immediately following the Merger, the First Surviving Corporation will then merge with and into Merger Sub 2 (the “Subsequent Merger” and together with the Merger, the “Combination”) in accordance with the applicable provisions of the DGCL and upon the terms and subject to the conditions set forth in this Agreement;

WHEREAS, the respective Boards of Directors of Parent, Merger Sub 1, Merger Sub 2 and the Company, deem it fair to, advisable to and in the best interests of their respective company to enter into this Agreement and to consummate the Combination and the other transactions contemplated hereby;

WHEREAS, as a condition to Parent entering into this Agreement, and incurring the obligations set forth herein, concurrently with the execution and delivery of this Agreement, Parent is entering into a voting agreement with certain stockholders of the Company (the “Company Support Agreement”) pursuant to which, among other things, such stockholders have agreed, subject to the terms thereof, to vote all shares of Company Common Stock that they own in accordance with the terms of such voting agreement;

WHEREAS, as a condition to the Company entering into this Agreement, and incurring the obligations set forth herein, concurrently with the execution and delivery of this Agreement, the Company is entering into a voting agreement with certain stockholders of Parent (the “Parent Support Agreement”) pursuant to which, among other things, such stockholders have agreed, subject to the terms thereof, to vote all shares of Parent Common Stock that they own in accordance with the terms of such voting agreement;

WHEREAS, for U.S. federal income tax purposes, Parent, Merger Sub 1, Merger Sub 2 and the Company intend that the Combination shall be treated as an integrated transaction that shall qualify as a “reorganization” within the meaning of Section 368(a) of the Internal Revenue Code of 1986, as amended (the “Code”), and the regulations promulgated thereunder (“Treasury Regulations”), and, by approving resolutions authorizing this Agreement, to adopt this Agreement as a “plan of reorganization” within the meaning of Section 368(a) of the Code and Treasury Regulations Section 1.368-2(g); and

WHEREAS, Parent, Merger Sub 1, Merger Sub 2 and the Company desire to make certain representations, warranties, covenants and agreements in connection with the transactions contemplated hereby and also to prescribe various conditions to the transactions contemplated hereby.

A-1