Take-Two is acquiring mobile game giant Zynga for $12.7 billion

PC gaming Giant Take-Two has announced that it's making a big move into mobile gaming with the acquisition of Zynga for a total price of approximately $12.7 billion. Take-Two already owns Rockstar Games, Codemasters and 2K, producing games like Grand Theft Auto, Red Dead Redemption, Bioshock and others. Zynga, meanwhile, produces well-known mobile titles like CSR Racing, FarmVille, and Words with Friends. Take-Two said that the deal will result in $6.1 billion worth of 12-month pro-forma net bookings, meaning it will become one of the largest gaming companies in the world. "This strategic combination brings together our best-in-class console and PC franchises, with a market-leading, diversified mobile publishing platform that has a rich history of innovation and creativity," said Take-Two Chairman and CEO Strauss Zelnick. The deal will also help Take-Two save about $100 million annually after two years. Zynga itself was on an acquisition streak of late, having acquired the studio behind Torchlight 3early last year. Zynga has sometimes relied on acquisitions to find the hottest games in the notoriously fickle mobile gaming market. Still, Take-Two said that the mobile industry booked $136 billion 2021 and is currently growing at over 8 percent, so the money is there to be had. Mobile will now account for half of its net bookings (net amount of products and services sold digitally or sold-in physically), the company said.  Continue reading at 'Engadget'

[ Engadget | 2022-01-10 13:17:58 UTC ]
News tagged with: #big move #rich history #publishing platform

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This Week's Bestsellers: June 12, 2023

Tracy Wolff concludes her popular YA vampire series, Crave, with 'Cherish,' the #3 book in the country. Plus actor and musician Hayley Kiyoko takes the #5 spot on our children’s fiction list with her debut novel, 'Girls Like Girls,' and June's book club picks celebrate friendship. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-06-09 04:00:00 UTC ]
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PW Picks: Books of the Week, June 12, 2023

Our favorite books coming out this week include new titles from Kritika H. Rao, Uzma Jalaluddin, and Peter Turchin. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-06-09 04:00:00 UTC ]
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Book Deals: Week of June 12, 2023

Park Row bets on a debut historical novel, musician Orenda Fink sells a book to Gallery, and more. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-06-09 04:00:00 UTC ]
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'Sand Land' is a new adventure game based on a manga by Dragon Ball creator Akira Toriyama

In the middle of this year’s Summer Game Fest, Geoff Keighley teased a new game with characters from a storied manga artist – and he wasn’t kidding. Sand Land is a new adventure game from Bandai Namco, featuring character design from Akira Toriyama, the man who gave us Dragon Ball’s Goku, the... Continue reading at Engadget

[ Engadget | 2023-06-08 20:02:42 UTC ]
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12 Of The Best New Children’s Books Out June 2023

Get ready for the summer with these 12 June children's book releases, including Hawaiian fantasy Lei and the Fire Goddess by Malia Maunakea. Continue reading at Book Riot

[ Book Riot | 2023-06-07 10:34:00 UTC ]
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7 Splash-Proof and Water-Proof Kindle Cases for Summer Reading

Grab one of these waterproof Kindle cases before you head out on any summer adventures. Your book/ereader will thank you.- Kate Krug Continue reading at Book Riot

[ Book Riot | 2023-06-07 10:32:00 UTC ]
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WME Acquires Ross Yoon Agency

By acquiring the Washington, D.C.–based literary agency, WME signals a deepening focus on literary talent and specifically nonfiction, as well as a physical expansion into the D.C. area. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-06-02 04:00:00 UTC ]
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US Book Publishing Revenues in 2022 Were $28 Billion: AAP StatShot

Still 8.6 percent above 2019's total revenues, the US market in 2022 was 2.6 percent below 2021's revenue level, the AAP reports. The post US Book Publishing Revenues in 2022 Were $28 Billion: AAP StatShot appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2023-05-31 20:54:37 UTC ]
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‘Damn, that fool can write’: how Martin Amis made everyone up their game

He exploded into the tweedy world of literature, a young, pouting and outrageously brash crusader for prose. Our writer remembers her encounters with the novelist, whose smarts and chutzpah confounded his peers‘You’ll be reading me every now and then at least until about 2080, weather... Continue reading at The Guardian

[ The Guardian | 2023-05-22 05:00:48 UTC ]
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The Week in Libraries: May 12, 2023

Among the week's headlines: a new report explores the post-pandemic funding landscape for libraries, a library board shuts down a library-hosted book group for discussing a 'political' book, and more. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-05-12 04:00:00 UTC ]
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12 Book Clubs’ Excellent Picks For May 2023

Check out what all the online book clubs are reading in May, from dystopian fiction to historical fiction set in old Hollywood. Continue reading at Book Riot

[ Book Riot | 2023-05-08 10:36:00 UTC ]
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‘Hogwarts Legacy’ adds arachnophobia mode for spider-free gaming

Arachnophobic Harry Potter fans, rejoice. Developer Avalanche Software has added a new accessibility feature to Hogwarts Legacy that removes spiders from the game. The update coincides with the title’s arrival on PS4 and Xbox One today.The Hogwarts Legacy update (build 1140773) launched Thursday... Continue reading at Engadget

[ Engadget | 2023-05-05 19:42:15 UTC ]
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7 Babysitters Club Books that Changed My Life

I can’t remember exactly when I discovered The Baby-Sitters Club books. Maybe it was at a Scholastic Book Fair at my school. But I’ll always remember the very first book, Kristy’s Great Idea, with its bright yellow cover and alphabet block letters. I saw four friends hanging out, and I... Continue reading at Electric Literature

[ Electric Literature | 2023-05-05 11:10:00 UTC ]
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12 Of The Best New Children’s Books Out May 2023

May children's book releases include a hilarious new picture book by Adam Rex and a magical middle grade by Leah Johnson, Ellie Engle Saves Herself. Continue reading at Book Riot

[ Book Riot | 2023-05-04 10:32:00 UTC ]
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B.J. Best, Andrew Ervin, and Brittney Morris on Video Games, Storytelling, and the Importance of Play

Writers B.J. Best, Andrew Ervin, and Brittney Morris join co-hosts V.V. Ganeshananthan and Whitney Terrell live from the Unbound Book Festival in Columbia, Missouri to discuss the narrative realms of video games and the evolving space they inhabit. The group reminisces about their first... Continue reading at Literrary Hub

[ Literrary Hub | 2023-05-04 08:53:59 UTC ]
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On creating a board game that is also a work of literature.

Telling good stories in games is really hard. It’s hard in any medium, of course, but games provide a set of challenges over and above those faced by novelists and screenwriters. Take the question of agency—if the player is allowed to make the primary narrative decisions in the game, then the... Continue reading at Literrary Hub

[ Literrary Hub | 2023-05-01 15:00:45 UTC ]
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Microsoft inks another cloud gaming deal after the UK blocked its Activision takeover

Despite suffering a significant blow this week in its attempt to take over Activision Blizzard, Microsoft still believes it can get the job done. The company has signed a 10-year agreement with Spain-based cloud gaming provider Nware to make PC games it builds in-house available to stream on... Continue reading at Engadget

[ Engadget | 2023-04-28 17:25:18 UTC ]
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The Morning After: Apple wins appeals court ruling against Epic Games

The long-running legal tussle between Apple and Epic Games picked up another ruling, in the former’s favor, although the three-judge panel also upheld a part of the original ruling in Epic's favor. The US Ninth Circuit Court of Appeals upheld a lower court ruling, which rejected most of Epic's... Continue reading at Engadget

[ Engadget | 2023-04-25 11:16:04 UTC ]
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WBD Rebrands HBO Max as ‘Max’ With Harry Potter and Game of Thrones Series Coming

Max is coming to market. Following months of streaming rumors and speculation, Warner Bros. Discovery is officially combining its streaming services HBO Max and Discovery+ under one brand: Max. Launching May 23 with a new tagline, color and mission, the upcoming service will drop the iconic HBO... Continue reading at AdWeek

[ AdWeek | 2023-04-12 19:25:11 UTC ]
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Lit Hub Daily: April 12, 2023

“What had I done, insisting on more of us?” Maggie Smith on the anxious, silent first year of motherhood. | Lit Hub Memoir We asked, you answered: Here are 22 (more) adaptations better than the books they’re based on. | Lit Hub Film & TV Naomi Kanakia on literary transphobia. | Lit Hub... Continue reading at Literrary Hub

[ Literrary Hub | 2023-04-12 10:30:47 UTC ]
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