Skip to main content
  1. Home
  2. Gaming
  3. News

Take-Two completes its massive Zynga acquisition

By

Take-Two Interactive, the video game publisher that owns Rockstar, 2K, and Private Division, has completed its acquisition of Zynga, the mobile game developer behind the popular Facebook game FarmVille.

On January 10, Take-Two announced it was going to acquire Zynga for $12.7 billion in its effort to expand to the mobile gaming market. On Monday, the company closed the deal without a hitch, successfully merging its gaming library with Zynga’s entire library of mobile games that have been downloaded more than 4 billion times, including FarmVille and Words with Friends.

Recommended Videos

Strauss Zelnick, CEO and chairman of Take-Two, said the merger was vital for the company to add mobile gaming to its portfolio in order and to generate more revenue with Zynga’s expertise. “As we bring together our exceptional talent, exciting pipelines of games, and industry-leading technologies and capabilities, we believe that we can take our portfolio to another level of creativity, innovation, and quality,” he said in a press release.

Frank Gibeau, CEO of Zynga, concurred with Zelnick’s sentiment: “We are excited for Zynga’s next-generation mobile platform, free-to-play expertise, diverse offering of games, and incredible team to join the Take-Two family. We are eager to continue building an unparalleled portfolio of games that will reach broader markets and lead to continued growth for this next chapter of Zynga’s history.”

At the time Take-Two announced its plans to buy Zynga, it was considered the most expensive deal in the gaming industry. However, Microsoft dropped a bombshell one week later with its plans to purchase Activision Blizzard for $68.7 billion, which was purely coincidental considering the controversial circumstances surrounding such a deal.

Per the terms of the agreement, Zynga stockholders received $3.50 in cash and 0.0406 of Take-Two common stock per share of Zynga common stock. Shareholders voted to approve the deal on Thursday.

Editors' Recommendations

Topics
Cristina Alexander
Cristina Alexander
Gaming/Mobile Writer
Cristina Alexander has been writing since 2014, from opining about pop culture on her personal blog in college to reporting…
Publisher Take-Two files trademark claim against developer of It Takes Two
It Takes Two's main characters ride frog taxis.

.Publishing giant Take-Two Interactive has filed a trademark claim against Hazelight, the developer of co-op adventure game It Takes Two. According to Eurogamer, the claim came about after the game was released in March of this year. As a result, Hazelight has abandoned trademark rights to the game's name.

Neither Hazelight nor publisher EA has said whether this will result in a new name for the game or an adjustment in the game's marketing plans.

Read more
How to use It Takes Two’s Friend’s Pass
It Takes Two's main characters ride frog taxis.

The critically acclaimed co-op adventure game It Takes Two is now on Xbox Game Pass. With the title coming to Microsoft's subscription service on console, cloud, and PC, many new eyes will be on the game. That means more potential players and renewed interest. Thankfully, any interested players lacking the game or Game Pass don't have to buy one or the other in order to play with a friend thanks to Friend's Pass.

It Takes Two – Official Gameplay Trailer

Read more
Marvel tactics game reportedly in development from XCOM studio
Xcom Marvel Game E3 Leak

The Avengers might be making an appearance at this year's E3 -- just not how you would expect. According to a leak of 2K's E3 plans posted on Reddit, Firaxis, the developer behind the XCOM franchise, is working on a turn-based game with Marvel characters.

According to the leak, the title from Firaxis is currently in development and code-named CODA. The leaker's source described it as "XCOM with Marvel heroes," and said that some "famous actors are voicing the characters." All signs in this case point to Marvel's Avengers, but with the size of the Marvel universe, the characters could easily be from the X-Men or the Fantastic Four.

Read more