Take-Two buys Zynga for $ 12.7 billion

A New York-based video game distribution company, Take-Two Interactive Software develops and publishes products through Rockstar Games, 2K, Private Division, and T2 Mobile Games. Take-Two is thus behind franchises like BioShock, Borderlands, Civilization, Grand Theft Auto, Mafia, NBA 2K and Red Dead Redemption.

In a transaction valued at nearly $ 12.7 billion, Take-Two Group today announces the acquisition of fellow San Francisco-based Zynga who is known for its social and mobile games. .

Zynga is titles like CSR Racing, Empires & Puzzles, FarmVille, Harry Potter : Puzzles & Spells, Words With Friends or Zynga Poker. Evocative names, even if Zynga is far less in the spotlight in recent years.

With Lucas Games, Zynga is however working on the game. Star Wars : Hunters to be released in 2022 on Nintendo Switch and mobile.

A buyout not yet finalized

Combining Zynga’s expertise in mobile and next-gen platforms with Take-Two’s best-in-class capabilities and intellectual property will allow us to advance our mission of connecting the world through games, while together achieving growth. and significant synergies “, declared Frank Gibeau, the boss of Zynga.

In any case, this is the course towards one of the biggest acquisitions in history in the video game sector, recalling for example the takeover of ZeniMax (Bethesda) by Microsoft for 7.5 billion dollars which was finalized last March.

For the takeover of Zynga by Take-Two, the transaction should be finalized by the end of next June. There is talk of acquiring all shares of Zynga at a price of $ 9.86 per share, $ 3.5 in cash and $ 6.36 in common shares of Take-Two.


Source: GNT – actualités by www.generation-nt.com.

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