Take-Two Interactive Acquiring Zynga For $12.7 Billion

Take-Two Interactive, the parent company of publisher 2K and of GTA developers Rockstar, has announced that they will be acquiring mobile games firm Zynga in a landmark deal that’s worth billions of dollars.

 

How Much Is The Deal Worth?

Zynga, whose portfolio includes the likes of FarmVille, Toon Blast and Words With Friends, will be acquired by Take-Two for $9.86 per share. This gives Zynga an implied enterprise value of around $12.7 billion, which is an absolutely staggering amount of money. For reference, Microsoft’s acquisition of Zenimax and Bethesda was worth $7.5 billion, so this deal is approaching twice that.

In a press release regarding the announcement, Take-Two Chairman and CEO Strauss Zelnick said: “We are thrilled to announce our transformative transaction with Zynga, which significantly diversifies our business and establishes our leadership position in mobile, the fastest growing segment of the interactive entertainment 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.”

Frank Gibeau, CEO of Zynga, added: “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. I am proud of our team’s hard work to deliver a strong finish to 2021, with one of the best performances in Zynga’s history. We are incredibly excited to have found a partner in Take-Two that shares our commitment to investing in our players, amplifying our creative culture, and generating more value for stockholders.”

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