Take-Two Interactive has permanently acquired Zynga, the US studio responsible for developing highly successful mobile video games such as FarmVille, CityVille, and Mafia Wars. The final offering was $ 12.7 billion, including $ 3.5 billion in cash and the rest through equity, in what became Take-Two’s second major acquisition in two months after Roll7.
“We are thrilled to announce our merger with Zynga, a company that allows us to diversify our business and establish ourselves as a leader in the mobile sector as well,” commented Strauss Zelnick, CEO of Take-Two Interactive. “This strategic acquisition combines our rich portfolio of great PC and console franchises with Zynga’s mobile video games, an extremely innovative and creative studio. Zynga has a capable and talented team, and we can’t wait to welcome them. in the following months “.
“Zynga’s experience in the mobile sector, combined with Take-Two’s ability in the field of next-generation video games, allows us to continue our mission to connect the world through video games,” added Frank Gibeau. , CEO of Zynga. “I am proud of the work my team has done and the way we have closed 2021, which is one of the best annual performances in the history of this company. We are excited about the partnership with Take-Two Interactive, and with this transformation, we aim to create better video games. Reach an even larger audience and record even better performances in the following years. “
As for the internal structure, with the upper floors of Zynga, that will remain almost unchanged. The partnership could also bring much-loved Take-Two franchises like GTA and Red Dead Redemption to mobile devices, perhaps with low-budget spin-offs or tie-ins with new chapters coming out in the future.