Take-Two Interactive, the video game publisher that owns Rockstar and 2K Games, is set to acquire social game developer Zynga in a deal valued at $ 12.7 billion (via The Wall Street Journal). The cash and equity transaction is expected to close in the first quarter of 2023, pending regulatory approval.
Take-Two Interactive’s acquisition of Zynga marks the company’s foray into the mobile gaming market. Take-Two is the originator of some of the best-known game series, including Grand Theft Auto, Red Dead Redemption, BioShock, Borders, and NBA 2K.
Meanwhile, Zynga has its own pretty impressive portfolio, defining a genre by crashing some of its early games, like FarmCity, on Facebook. The mobile game developer also created the ultra-popular Words with friends, which eventually made its way to Messenger. The company is also preparing to deploy a Among us-like a game on Snapchat, called Reorganize.
“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,” Frank said. Gibeau, CEO of Zynga.
Take-Two’s $ 12.7 billion acquisition is one of the largest in video game history, with a sizable margin – even ahead of Bethesda’s $ 7.5 billion purchase by Microsoft, which was finalized last March, and Tencent’s $ 8.57 billion acquisition of a controlling stake in Supercell.