In an extraordinary acquisition deal formally announced this morning, Take-Two Interactive has acquired Zynga for approximately $12.7 billion. The deal will result in Take-Two having one of the largest and most diverse development portfolios in the gaming industry.
The deal was announced this morning with full details of the acquisition being broken down in this report. The highlights are as follows:
- Take-Two has acquired all outstanding shares of Zynga worth approximately $9.86 per share at the time of signing. This equates to a total deal value of approximately $12.7 billion.
- The deal is expected to be fully completed in T2’s first fiscal quarter of 2023 (ending June 30, 2022).
- When combined, the companies will possess approximately 8,000 developers across PC, consoles, and mobile.
This is an extraordinary deal, the breadth of which will be felt across the industry for many years to come. The numbers are pretty staggering and our hope is merely that with so much funding, and so many resources, Take-Two delivers some truly memorable experiences for fans. Now, about Grand Theft Auto 6 and an update for Red Dead Redemption 2…