Take-Two confirms the largest acquisition in the video game industry

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During the past few hours it has been announced that Take-Two, the home of a certain GTA so to speak, scored the largest acquisition in the video game industry.

The company has in fact announced that it has officially completed the acquisition of Zynga for a total of 12.7 million dollars, exceeding the figure of Microsoft and Zenimax (if you are curious you will find more details in our dedicated news). Maybe for some fans the name of this development house is new, but just know that they are the authors of many mobile games, including the much better known FarmVille.

With this move almost certainly Take-Two will begin to focus more intensely on the mobile market, the acquisition will be completed no later than the first quarter of the fiscal year of 2023, more precisely the exact date is June 30, 2022. The US companies have agreed on a cash and stock deal which values ​​the capital of Zynga at $ 9,86 per share, for a 64% premium over the closing price.

The President of Take-Two, that is Strauss Zelnick, he left some statements in which he said he was satisfied with the acquisition, he is also satisfied with the same vision Frank Gibeau, CEO of Zynga, also stating that he highly commends his company's work over the past two years. By virtue of the enormous efforts and successes achieved by the team, they have reached such numbers as to be able to conclude this negotiation, consequently becoming part of a global giant like Take-Two.

If we all know Take-Two, the less informed may not know anything about Zynga. The company was founded in 2007 and immediately focused on the development of mobile experiences and browser games, aimed at a purely casual audience.

We can't wait to find out how Zynga will be used or if we will see any particular titles, the only certain thing however is that we will see some good ones since the "new parent company" has also announced that they want to portal their main franchises on mobile . Among the IPs in possession, in addition to the aforementioned GTA, we see the 2K sports classics, the neo GOTY It Take Two and many others.

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