Sunday, May 22, 2022

Zynga to become a part of Take-Two Interactive for $12.7 Billion

- Advertisement -

During the first quarter of T2’s fiscal year 2023, Take-Two will buy all of Zynga’s outstanding shares. This transaction will be worth $12.7 billion and will represent a 64% premium to Zynga’s closing share price on January 7, 2022.

Take-Two and Zynga announced today that they have reached a definitive deal for the latter’s acquisition. According to a Businesswire press release:

This transformative combination unifies two global leaders in the interactive entertainment business and establishes Take-Two as one of the largest and most diversified mobile game publishers in the industry, with $6.1 billion in Pro-forma Net Bookings for the trailing twelve-month period ended September 30, 2021.


Of course, Zynga is no slouch. CSR Racing, Empires & Puzzles, and Harry Potter: Puzzles & Spells are just a few of the games produced by this company. Of course, you’re probably familiar with them from their biggest hit, FarmVille.

Strauss Zelnick, Chairman, and CEO of Take-Two Interactive announced the following about the imminent deal:

We are thrilled to announce our transformative transaction with Zynga, which significantly diversifies our business and establishes our leadership position in mobile, the fastest-growing segment of the interactive entertainment industry.

- Advertisement -

This strategic combination brings together our best-in-class console and PC franchises, with a market-leading, diversified mobile publishing platform that has a rich history of innovation and creativity. Zynga also has a highly talented and deeply experienced team, and we look forward to welcoming them into the Take-Two family in the coming months.

As we combine our complementary businesses and operate at a much larger scale, we believe that we will deliver significant value to both sets of stockholders, including $100 million of annual cost synergies within the first two years post-closing and at least $500 million of annual Net Bookings opportunities over time.

Meanwhile, the CEO of Zynga Frank Gibeau had the following to say regarding the deal:

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 while achieving significant growth and synergies together.

I am proud of our team’s hard work to deliver a strong finish to 2021, with one of the best performances in Zynga’s history. We are incredibly excited to have found a partner in Take-Two that shares our commitment to investing in our players, amplifying our creative culture, and generating more value for stockholders. With this transformative transaction, we begin a new journey that will allow us to create even better games, reach larger audiences, and achieve significant growth as a leader in the next era of gaming.

The agreement was reached to create a consolidated leading position in the mobile gaming industry. According to reports, the deal will offer a formidable and broad portfolio of industry-leading games spanning key platforms and genres in interactive entertainment, built by some of the industry’s most creative and forward-thinking talent.

Adding Zynga’s gaming titles will, of course, improve the company’s Recurring User Spending base, because… Sales from Zynga-published games will be added to the total. Strauss Zelnick will remain Chairman and CEO of the combined firm, while the Take-Two executive team will continue to run it.

Meanwhile, the Zynga management team, led by Frank Gibeau and Bernard Kim, Zynga’s President of Publishing, will lead Take-mobile Two’s initiatives and supervise the integration and day-to-day operations of the merged Zynga and T2 Mobile Games business.

also read:

Battlefield 2042 will be free for Xbox Live Gold and Xbox Game Pass Ultimate users this weekend


- Advertisement -


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related Articles

More To Consider

Stay Connected

Boat Lifestyle [CPS] IN

Hot Topics


Latest Articles



Adblocker detected! Please consider reading this notice.

We've detected that you are using AdBlock Plus or some other adblocking software which is preventing the page from fully loading.

We don't have any banner, Flash, animation, obnoxious sound, or popup ad. We do not implement these annoying types of ads!

We need money to operate the site, and almost all of it comes from our online advertising.

Please add to your ad blocking whitelist or disable your adblocking software.