That's a big number.
Take-Two will acquire mobile developer Zynga for $12.7 billion USD, the pair have today announced.
Take-Two will acquire all outstanding Zynga shares for $9.86 USD per share as part of the deal, a 64% premium on Zynga’s closing share price as of 7 January 2022.
In a press release, Take-Two said the acquisition “unifies two global leaders in the interactive entertainment business,” cementing it as “one of the largest and most diversified mobile game publishers in the industry.”
“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,” said Take-Two CEO Strauss Zelnick.
“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,” added Zynga CEO Frank Gibeau.
Zelnick will remain CEO of Take-Two, while Gibeau will be placed in charge of Take-Two’s mobile offerings. Zynga will keep its own branding.
We’ll have more on the acquisition as it’s made available.
This article may contain affiliate links, meaning we could earn a small commission if you click-through and make a purchase. Stevivor is an independent outlet and our journalism is in no way influenced by any advertiser or commercial initiative.
