Sunday, June 26, 2022
  • Hype
  • Murai
  • Lipstiq
  • Diva
  • Varnam
  • Moviedash
  • Autofreaks
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
    • Notebooks
      • Compu-zone
    • Smartphones
      • Thundermatch
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
    • Notebooks
      • Compu-zone
    • Smartphones
      • Thundermatch
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
No Result
View All Result
Home Gaming

Take-Two Completes Its Acquisition Of Zynga

The largest transaction in the gaming industry to be completed for now.

by Ian Chee
May 24, 2022
Farmville 3

Source: Zynga.

18
SHARES
Share on FacebookShare on Twitter

Back in January, Take-Two Interactive announced that it was acquiring mobile game maker Zynga, probably best known for Farmville. The acquisition process is now complete following stockholder approval a few days ago.

As a refresher, Take-Two offered to buy Zynga for US$12.7 billion (~RM55.8 billion). The latter’s stockholders will be getting 64.5% of the transaction in the former’s stocks, with the rest being in cash, as a result of the transaction. The CEO of the acquirer, Strauss Zelnick, will be leading the combined entity.

The deal is meant to help Take-Two establish a notable presence in the mobile space. Which makes sense, since in addition to Farmville, Zynga has a long laundry list of other mobile and social titles under its belt.

ADVERTISEMENT

Take_two Interactive office New York
Source: Office Snapshots.

For now, it’s not exactly clear if the deal will translate to anything that will directly benefit gamers. Though one can probably expect more elements from both the large budget AAA space and the mobile market to cross over to one another. Not that we don’t already, considering the prevalence of microtransactions in high-budget premium games of today.

For now, this is the largest completed transaction in the video games industry, dwarfing what even Microsoft paid for Zenimax Media. Though when the Windows maker’s deal to buy Activision Blizzard goes through, it will take over as the largest completed transaction by a country mile.

Take Two Interactive
Source: Wikimedia Commons.

On the other end of the spectrum, at least in more recent times, there’s the transferring of Crystal Dymanics, Eidos and Square Enix Montreal to Embracer Group. This deal is currently scheduled to be finalised by the end of the year. But in terms of value, Embracer is getting not only the three studios, but also their IPs, for US$300 million (~RM1.3 billion). Which is a paltry sum in comparison to this Take-Two and Zynga deal.

(Source: Take-Two Interactive via Game Developer)

Tags: acquisitionTake-Two Interactivezynga
Updated 6:08 pm, Tue, 24 May 22
Back to top
Share7Tweet5SendShare

ADVERTISEMENT

RELATED ARTICLES

Elden Ring trailer screenshot 2

FromSoftware Has Another Game In Final Stages Of Development

by Ian Chee
June 25, 2022

FromSoftware released Elden Ring back in February of this year. And to say that the game is anything short of...

Read more
No Man's Sky
Gaming

No Man’s Sky To Release On Nintendo Switch On 7 October

by Ian Chee
June 24, 2022

No Man's Sky has been out for quite a long time, even if you only start counting from when the...

Read more
PlayStation Plus UI PS5
Gaming

PS Plus Deluxe Classic Games To Get NTSC Options

by Ian Chee
June 24, 2022

If you're a subscriber to the new PS Plus Deluxe tier, you'd have access to a small number of classic...

Read more
Hyenas trailer screen 3
Gaming

Creative Assembly Announces Hyenas, A Space Pirate Multiplayer Shooter

by Ian Chee
June 23, 2022

Known mainly for Alien: Isolation and the Total War series, Creative Assembly has announced its first new IP in years....

Read more
Load More
No Result
View All Result

TRENDING TODAY

  1. 1
    E-Hailing

    Gojek Confirms It Will Not Be Entering Malaysia

  2. 2
    E-Hailing

    Gojek Might Be Coming To Malaysia As Logo-Bearing Vehicle Spotted In KL

  3. 3
    News

    Employees Can Apply For Flexible Working Arrangements Starting 1 September

Lowyat.NET

Consumer Tech News & Reviews Malaysia

NETWORK

  • Hype
  • Murai
  • Lipstiq
  • Diva
  • Varnam
  • Moviedash
  • Autofreaks

ABOUT

  • Advertise
  • Careers
  • Privacy Statement
  • Contact Us
  • Editorial Policy
  • Terms & Conditions

©2022 LOWYAT MEDIA, LLC. ALL RIGHTS RESERVED.

No Result
View All Result
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
    • Notebooks
      • Compu-zone
    • Smartphones
      • Thundermatch
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables

©2022 LOWYAT MEDIA, LLC. ALL RIGHTS RESERVED.

We use cookies to improve your experience. Learn More.