Simon Sadler’s Segantii Capital is Bullish on These 5 Stocks

2. Zynga Inc. (NASDAQ:ZNGA)

Segantii Capital’s Stake Value: $208,152,000

Percentage of Segantii Capital’s 13F Portfolio: 6.01%

Number of Hedge Fund Holders: 63

During the first quarter, Zynga Inc. (NASDAQ:ZNGA) was another new addition to Segantii Capital’s portfolio. However, in all probability, the company wouldn’t be in the fund’s portfolio in the future because Take-Two Interactive Software, Inc. (NASDAQ:TTWO) recently completed its acquisition of Zynga Inc. (NASDAQ:ZNGA).

In January, Take-Two Interactive Software, Inc. (NASDAQ:TTWO) had announced that it would be acquiring Zynga Inc. (NASDAQ:ZNGA) in a deal that valued the latter at $12.7 billion. The regulators approved this deal, and on May 23, 2022, Take-Two Interactive Software, Inc. (NASDAQ:TTWO) announced that it had completed its acquisition of Zynga Inc. (NASDAQ:ZNGA).