Take-Two Interactive will acquire social game developer Zynga in a deal worth $12.7 billion

Take-Two Interactive will acquire social game developer Zynga in a deal worth $12.7 billion

Take-Two Interactive, the video game publisher that owns Rockstar and 2K Games, is set to acquire social game developer Zynga in a deal worth $12.7 billion (via The Wall Street Journal). Cash and stock transactions are expected to close in the first quarter of 2023, pending regulatory approval.

The acquisition of Zynga by Take-Two Interactive marks the company's entry into the mobile games market. Take-Two is behind some of the most famous game series, including Grand Theft Auto, Red Dead Redemption, BioShock, Borderlands, and NBA 2K.

Meanwhile, Zynga has a pretty impressive portfolio of its own, defining a genre by putting some of its early games, such as FarmVille, on Facebook. The mobile game developer also created the ultra-popular Words With Friends, which eventually made its way to Messenger. The company is also set to roll out an Among Us-Like game called Revamp on Snapchat.

Frank Gibeau, CEO of Zynga, said, "By combining Zynga's expertise in mobile and next-generation platforms with Take-Two's best-in-class capabilities and intellectual property, we continue our mission to connect the world through games." can." will be able."

Take-Two's $12.7 billion acquisition is the largest in video game history -- ahead of Microsoft's $7.5 billion purchase of Bethesda, which was finalized last March. , and Tencent's $8.57 billion acquisition of a majority stake in Supercell.