Thursday, January 27, 2022

Take-Two Interactive to acquire social game developer Zynga in $12.7 billion deal

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Take-Two Interactive, the video game writer that owns Rockstar and 2K Games, is set to acquire social game developer Zynga in a deal valued at $12.7 billion (by way of The Wall Street Journal). The money and inventory transaction is anticipated to shut in the primary quarter of 2023, pending regulatory approval.

Take-Two Interactive’s acquisition of Zynga marks the corporate’s foray into the cell game market. Take-Two is behind a few of the most well-known game sequence, together with Grand Theft Auto, Red Dead Redemption, BioShock, Borderlands, and NBA 2K.

Meanwhile, Zynga has a reasonably spectacular portfolio of its personal, defining a style by planting a few of its earliest video games, like FarmVille, on Facebook. The cell game developer additionally created the ultra-popular Words With Friends, which eventually made its means to Messenger. The firm can be set to roll out an Among Us-like game on Snapchat, referred to as Revamp.

“Combining Zynga’s expertise in mobile and next-generation platforms with Take-Two’s best-in-class capabilities and intellectual property will enable us to further advance our mission to connect the world through games,” stated Frank Gibeau, the CEO of Zynga.

Take-Two’s $12.7 billion acquisition is without doubt one of the largest in video game historical past, by a fairly large margin — forward of even Microsoft’s $7.5 billion buy of Bethesda, which was finalized final March, and Tencent’s $8.57 billion acquisition of a majority stake in Supercell.

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