A record-breaking acquisition.
Take-Two Interactive Software is acquiring Zynga in a $12.7 billion deal, the two companies confirmed on Monday, 10th January. That colossal sum includes Take-Two paying $9.86 per share, plus Zynga’s debt, in order for the company to make moves into the mobile market.
This deal is now the largest sum of money paid out for an acquisition in video game industry history, surpassing Microsoft’s 2020 acquisition of Bethesda for $7.5b, and Tencent’s 2016 acquisition of Clash of Clans studio Supercell for $8.6b. Activision Blizzard had a similar deal in 2015 when they bought Candy Crush developer King for $5.9 billion.
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