After announcing its intention for the merger earlier this year, Rockstar Games parent company Take-Two Interactive has finally confirmed the completion of the Zynga acquisition. Under the terms of the agreement, “Zynga stockholders received $3.50 in cash and 0.0406 shares of Take-Two common stock per share of Zynga common stock.” The acquisition is valued at $12.7 billion.
Strauss Zelnick, Chairman and CEO of Take-Two, had this to say on the completion of the Zynga acquisition for Take-Two Interactive:
“We are thrilled to complete our combination with Zynga, which is a pivotal step to increase exponentially our Net Bookings from mobile, the fastest-growing segment in interactive entertainment, while also providing us with substantial cost synergies and revenue opportunities. 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. 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.”
With this, Take-Two now have a veritable portfolio of mobile titles added to their repertoire, including: CSR RacingTM, Dragon City, Empires & PuzzlesTM, FarmVilleTM, Golf RivalTM, Hair ChallengeTM, Harry Potter: Puzzles & SpellsTM, High Heels!TM, Merge Dragons!TM, Merge Magic!™, Monster Legends, Toon Blast™, Top Eleven, Toy Blast™, Two Dots, Words With FriendsTM and Zynga PokerTM.
Take-Two continues to be a powerhouse for most of their properties; just recently, the publisher announced that Red Dead Redemption 2 has sold over 44 million units. You can check out the full article which has more sales figures here.
Source: Take-Two Games