Today, January 10, 2022, it was announced that Take-two, parent company of Rockstar and 2K, has entered into an agreement to acquire Zynga, the company responsible for games like Farmville, for $ 12.7 billion, an amount that exceeds the purchase of Bethesda by Microsoft.
Through a statement, it has been revealed that the owners of Rockstar will acquire all Zynga shares in a purchase involving money, as well as Take-Two shares. Here’s what Take-Two Chairman and CEO Strauss Zelnick had to say about it:
“We are delighted to announce our transformative transaction with Zynga, which significantly diversifies our business and establishes our leadership position in mobile devices, the fastest growing segment of the interactive entertainment industry. This strategic combination brings together our best-in-class PC and console franchises with a market-leading, diversified mobile publishing platform that has a rich history of innovation and creativity. “
On the other hand, this commented Frank Gibeau, CEO of Zynga:
“Combining Zynga’s expertise on next-generation and mobile platforms with Take-Two’s best capabilities and intellectual property will allow 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 achieve a strong finish in 2021, with one of the best performances in Zynga history. We are incredibly excited to have found a partner at Take-Two who shares our commitment to investing in our players, amplifying our creative culture and generating more shareholder value. 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 leaders in the next era of games. ”
Zynga shareholders will receive $ 3.50 in cash and $ 6,361 in Take-Two common shares for each Zynga common share outstanding at the close of the transaction. The purchase price represents a 64% premium over the closing price of Zynga shares on January 7, 2022. This acquisition is planned to be completed during the first quarter of the following fiscal year., which ends on June 30, 2022.
Zynga is recognized for its mobile games, which have been a success for the company. Similarly, they are currently working on Star wars hunters for the Nintendo Switch, which will be available sometime this year.
On related topics, Take-Two has confirmed that there will be more Red Dead Redemption games in the future. Similarly, It Takes Two You have lost your name because of a problem with this company.
Editor’s Note:
Without a doubt, a very important movement. Zynga has proven to be one of the largest mobile studios on the market, and this purchase gives Takes-Two new reach in this market. Similarly, the fact that this is the largest purchase to date stands out, surpassing the acquisition of ZeniMax Media by Microsoft.
Via: Businesswire