World News

Game power: Grand Theft Auto manufacturer buys manufacturer FarmVille | Interesting News

[ad_1]

The acquisition of Take Two for Zynga is the most recent sale for gaming studios looking to create and expand their portfolio portfolio.

Take-Two Interactive, the maker of Grand Theft Auto, is acquiring Farmville and Word producer and Friends Zynga in a $ 12.7bn stock exchange, the company said Monday.

The acquisition seeks to increase the interest in the game by bringing Take-Two’s powerhouse expertise into the console game and Zynga following on the upcoming games.

Take-Two, also known as Red Dead Redemption, paid $ 9.86 per share, representing 64% premium on Zynga’s final price. By mid-Monday morning, Zynga shares had already risen about 46 percent to $ 8.75. Take-Two fell more than 14 percent.

“This excellent integration brings our most advanced and innovative PC-based tools, which have a market-leading, diverse platform with a reputation for expertise and expertise,” Take-Two Chief Executive Officer Strauss Zelnick said in a statement. words.

Zynga’s Take-Two acquisition contributes to the team-based follow-up between players.

“Combining Zynga’s expertise on our next generation phones and platforms with Take-Two skills as well as technical skills is an opportunity to transform our game,” Zynga’s Twitter account said Monday morning.

Video games have become increasingly important in the days of closure and prevention of the coronavirus as millions of homeless people have simply watched their radios, videos, videos or played video games. Once the restrictions are lifted, people continue to play video games but now, on the go and on their mobile devices.

The Take-Two / Zynga deal follows Electronic Arts’ acquisition of $ 2.4bn for Glu Mobile last year.

Take-Two said in a statement Monday that it expects to pay $ 100m a year for the first two years after the deal ends, as well as more than $ 500m over time.

The gaming company is expected to expand its team to 10 members once the contract is over, adding two more Zynga board members.

The sale also includes a sale, which gives Zynga 45 days to hear more.

The deal is expected to close the first quarter of the Take-Two 2023 fund, ending June 30, according to the company.

After the approval of the Take-Two and Zynga boards, the agreement is now expecting a green light from the owners of both companies.



[ad_2]

Source link

Related Articles

Leave a Reply

Back to top button