Take-Two Interactive has officially acquired mobile and social gaming company Zynga.
The $12.7 billion acquisition announced in January was completed on Monday. The combined company will bring a new roster to popular games on Take-Two, including Zynga. Fermville, words with friends s Zinga Poker.
“We are pleased to complete our partnership with Zynga, a crucial step in exponentially growing our net bookings from mobile devices, the fastest growing interactive entertainment segment, and also providing us with significant cost and revenue opportunities,” said Strauss-Zelnik. President and CEO of Take-Two.
Under the terms of the agreement, Zynga shareholders received $3.50 in cash and 0.0406 Take-Two shares of common stock for each Zynga share. Shareholders voted to approve the deal last week.
ᲐTake two Recently reported as strong Win the last quarter with games like NBA 2K22 s NBA 2K21; grand theft auto online s Grand Theft Auto V and Tina Tina provide the wonders of income. Executives at the time said they hoped to create a Zynga to create a Company “Sector Leader Title Electric Power Station”.
As previously announced, Zynga is the CEO Frank Gibbo and Bernard Kim, president of Company Publishing, Will remain The company will oversee the business combination of Zynga and T2 Mobile Games. The joint venture will operate under the Zynga brand.
“We’re excited about Zynga’s next-gen mobile platform, free experience, diverse game offerings, and an amazing team joining the Take-Two family,” Gibo said in a press release. “We are ready to continue building an unparalleled portfolio of games that will reach wider markets and continue to grow into the next chapter of Zynga’s story.
Source: Hollywood Reporter
Camila Luna is a writer at Gossipify, where she covers the latest movies and television series. With a passion for all things entertainment, Camila brings her unique perspective to her writing and offers readers an inside look at the industry. Camila is a graduate from the University of California, Los Angeles (UCLA) with a degree in English and is also a avid movie watcher.
