Take-Two Interactive, which also owns 2K and Rockstart, has announced an agreement to acquire mobile gaming giant Zynga – writes a TechCrunch. The deal is worth a total of $ 12.7 billion, compared to another $ 8.1 billion paid by Microsoft for Bethesda and Zenimax Media. Under the agreement, Take-Two will acquire shares in Zynga, which it will cover with cash and treasury shares. The transaction is expected to close in the first quarter of fiscal 2023, subject to shareholder and regulatory approvals.
The acquisition would mean the merger of two giants in the gaming industry: Take-Two is a big name in the console and PC gaming market (owning more than Grand Theft Auto series), while Zynga has always been a pioneer in mobile gaming, including FarmVille, az Empires & Puzzles, Words with Friends programs are attached to it. Strauss Zelnick, the CEO of Take-Two says this is a real transformative change, combining console and PC franchises with a market-leading, diversified mobile publishing platform.
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