Take Two Makes Massive Move In Mobile Gaming With Zynga Acquisition

Published 01/10/2022, 8:46 AM EST


The popular gaming giant Take-Two Interactive is all set to acquire the US-based gaming company and FarmVille publishers, Zynga Inc. Over the past few years, the gaming world has witnessed a lot of acquisitions and Take-Two Interactive is making another big move on the market.

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This American giant is already famous for acquiring the iconic developers behind the popular Grand Theft Auto series: Rockstar Games. And now soon, Zynga Inc. will also be a part of this gaming giant. Apart from all these companies, 2K Games who are the makers of iconic games like Bioshock, NBA, and many more are also a part of Take-Two Interactive. This reflects how massive this US-based company has become over the past few years.

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On the 10th of Jan 2022, this news became the headline of the day when a prominent Twitter user, “Daniel Ahmad” shared this news. According to reports, Zynga has been valued at a whopping amount of $12.7 billion, which is just amazing.

The technical details reveal that Take-Two is acquiring the outstanding shares of Zynga at $9.86 per share. Furthermore, those shares are being divided as $3.50 in cash and $6.36 in shares of Take-Two common stock.

More insights on Take Two Interactive acquiring Zynga Inc.

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For the fans who are unfamiliar with this Zynga Inc. they are one of the leading video game publishers in the mobile gaming segment. In fact, the mobile gaming market is already one of the fastest-growing sectors in the world. And Take-Two Interactive is already holding one of the biggest players in the PC and console gaming segment.

Now, after this acquisition, Take-Two will have a strong grip over the mobile gaming segment as well. Take-Two Interactive has shared almost all the details about this acquisition. In order to get more insights, fans are requested to go through the entire acquisition report by Take-Two here. It’s likely that the devs will release some more details in the coming few days.

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Swetabh Shekhar

371 articles

Swetabh Shekhar is an eSports author at EssentiallySports and holds a Master's degree in Mass Communication. He has been playing video games since his childhood days and has witnessed the evolution of the gaming industry. GTA, Assassins Creed, Call of Duty, and The Walking Dead are some of his all-time favorites.

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