i don’t think you would be locked up if you hold out for the takeover to go through and end up holding TakeTwo shares. It’s quite a different situation to when Zynga acquired your former employer which was a private company, at which point the lock up would have been to incentivise employees (some of whom probably made a lot of money) to continue working there. So don’t let that influence your decision. You can sell the shares the day after you get them.
Really in your mind you need to weigh up the likelihood of three scenarios. Firstly the takeover falls through and the Zynga share price drops back to where it was. Secondly it goes through as currently planned. And thirdly, someone else comes over the top with a higher offer (note that there is a go shop period ending next week so you might at least want to wait until the end of this). If you weigh these up and get a price above today’s you should hold. If not, sell.
