Take-Two Interactive to acquire social game developer Zynga in $12.7 billion deal
Photo by Liz Hafalia/San Francisco Chronicle via Getty Images Take-Two Interactive, the video game publisher that owns Rockstar and 2K Games, is set to acquire social game developer Zynga in a deal valued at $12.7 billion (via The Wall Street Journal). The cash and stock transaction is expected to close in the first quarter of 2023, pending regulatory approval.
Take-Two Interactive's acquisition of Zynga marks the company's foray into the mobile game market. Take-Two is behind some of the most well-known game series, including Grand Theft Auto, Red Dead Redemption, BioShock, Borderlands, and NBA 2K.
Take-Two's $12.7 billion acquisition is one of the biggest in video game history
Meanwhile, Zynga has a pretty impressive portfolio of its own, defining a genre by planting some of its earliest games,...