Take-Two acquires mobile game giant Zynga for $ 12.7 billion

Take Two acquires mobile game giant Zynga for 127 billion

PC gaming Giant Take-Two has announced that they are making a major move into mobile games by acquiring Zynga for a total price of around $ 12.7 billion. Take-Two already owns Rockstar Games and 2K, making games like Grand Theft Auto, Red Dead Solution, Bioshock and others. At the same time, Zynga is releasing famous mobile titles like CSR Races, TuathanasVille, and Phrases with friends.

Take-Two said this deal will bring $ 6.1 billion worth of 12-month pro-forma net records, making it one of the largest gaming companies in the world. "This strategic combination brings together our best-in-class token and PC franchises, with a diversified, market-leading mobile publishing platform with a rich history of innovation and creativity," Take-Two Chairman and CEO Strauss Zelnick said the agreement will also help Take-Two to save approximately $ 100 million annually after two years.

Zynga himself had been on a build series recently, having acquired the studio behind him Lantern Light 3 early last year. Zynga has sometimes relied on construction to find the hottest games in the well-known mobile games market. However, Take-Two said the mobile industry has saved $ 136 billion by 2022 and is currently growing at more than 8 percent, so the money is there. Mobile phones now make up half of their net tickets (net amount of products and services sold digitally or physically), the company said.

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