Latest in Strauss Zelnick

Take-Two Interactive, publisher of video games including Grand Theft Auto, is acquiring Farmville maker Zynga for $12.7 billion, creating a bulked-up gaming giant. Under the deal, Take-Two will acquire all outstanding shares of Zynga in a cash-and-stock transaction representing a 64% premium on Zynga’s stock price as…

The Second City, the famed Chicago improv comedy outfit, has been acquired by private equity firm ZMC, whose founder and managing partner is longtime media figure Strauss Zelnick. Financial terms for the deal were not disclosed. Houlihan-Lokey served as a financial advisor to Second City on the transaction. The M&A…

In a terse regulatory filing, CBS has confirmed that its former CEO, Les Moonves, isn’t going away without a fight. In December, the company’s board cited the findings of its internal investigation in declaring that Moonves had been fired for cause and would therefore not be eligible for the $120 million exit package…

For weeks now, speculation has swirled in New York media circles that Strauss Zelnick was angling for the CEO’s job at CBS. The current head of Take-Two Interactive used an appearance at the 2018 Paley International Council Summit in London to tamp down any such speculation. Asked by investment banker Aryeh Bourkoff…

Richard Parsons has resigned from the CBS Corp board of directors, including his role as interim chairman which he undertook just a month ago following the departure of Les Moonves. Parsons cited health reasons related to his fight with multiple myeloma as the reason for his sudden exit. The CBS board met this evening…