Grand Theft Auto publisher acquires Farmville creator Zynga for $12.7 billion

for $12.7 Billion

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Take-Two, the publisher behind Grand Theft Auto, just bought mobile developer Zynga in what could be the biggest video game acquisition of all time.

According to the official press release, Take-Two will acquire all outstanding shares of Zynga for roughly $12.7 billion. Zynga shareholders will be able to receive $3.5 billion cash and $6. 36 billion in Take-Two’s common stock.

For comparison’s sake, this eclipses Microsoft’s acquisition of Bethesda Game Works, which came in at $7.5 billion. Before this, the biggest video game purchase of all time was Tencent picking up Clash of Clans mobile developer Supercell for $8.6 billion.

Take Two is acquiring Zynga in a deal that values them at $12.7bnhttps://t.co/g8nS8pizZ5 https://t.co/gKIFRDcYT8

— Daniel Ahmad (@ZhugeEX) January 10, 2022

” We are delighted to announce our transformational transaction with Zynga. This significantly diversifies and positions our business and establishes us as a leader in mobile, the fastest-growing segment of interactive entertainment. “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.”

Zynga’s best-known as the creator of Farmville, that browser-based phenomenon that everybody used to play on Facebook often. So Grand Theft Auto and Farmville are now owned by the same parent company. It’s amazing how these things end up.

Written by Kyle Campbell on behalf of GLHF.

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