One of the biggest takeovers in the history of the gaming industry is complete — now owns . The companies the $12.7 billion acquisition in January. The two sides have cut through all the red tape and, after shareholders , the deal is done.
Zynga has joined the likes of Rockstar Games and 2K under Take-Two’s umbrella. As s result of the deal, Take-Two now has a bigger stable of well-known mobile and casual gaming franchises, including Words with Friends and Farmville. Among the games Zynga is working on is Star Wars: Hunters, a free-to-play arena shooter for mobile and Nintendo Switch that’s supposed to arrive this year.
“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,” Take-Two chairman and CEO Strauss Zelnick said in a statement. “Each of our teams has a strong history of operational execution, and together, we expect that we will enhance our financial profile through greater scale and profitability, paving the way for us to deliver strong shareholder value.”
Take-Two’s buyout of Zynga is part of a across the gaming industry. In January, Sony it was buying Destiny 2 studio Bungie for $3.6 billion. That news came just days after Microsoft said it planned to buy Activision Blizzard . Both takeovers are pending regulatory approval. Activision Blizzard shareholders of the Microsoft deal last month.
Author: K. Holt