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

Other Publishing stories related to: 'Take-Two is acquiring mobile game giant Zynga for $12.7 billion'

Reading agency launch library exploration game

Libraries across the country are taking part in a high-tech treasure based on Simon Mayo’s... Continue reading at The Bookseller

[ The Bookseller | 2013-04-05 00:00:00 UTC ]
More news stories like this | News stories tagged with: #taking part #simon mayo

Hodder Education acquires Galore Park

Hodder Education has acquired Galore Park, publisher of textbooks, revision guides and past... Continue reading at The Bookseller

[ The Bookseller | 2013-04-03 00:00:00 UTC ]
More news stories like this | News stories tagged with: #hodder education

Publishers look to mobile

Publishers are looking to mobile channels to sell bespoke digital content as research suggests... Continue reading at The Bookseller

[ The Bookseller | 2013-04-02 00:00:00 UTC ]
More news stories like this | News stories tagged with: #mobile channels #research suggests

Century acquires Five Days Left at auction

Random House has acquired a debut novel called Five Days Left by Julie Lawson at auction.   ... Continue reading at The Bookseller

[ The Bookseller | 2013-03-25 00:00:00 UTC ]
More news stories like this | News stories tagged with: #century acquires #days left #random house

Hodder Children’s acquires new Fletcher series

Hodder Children's Books has acquired a new fiction series by author of the bestselling... Continue reading at The Bookseller

[ The Bookseller | 2013-03-22 00:00:00 UTC ]
More news stories like this | News stories tagged with: #hodder children #fiction series

Quadrille acquires Belle and Boo craft book

Quadrille Publishing has acquired The Belle and Boo Book of Craft, a project book inspired by the... Continue reading at The Bookseller

[ The Bookseller | 2013-03-21 00:00:00 UTC ]
More news stories like this |

Random acquires second Bannatyne memoir

Random House Business Books has acquired a second volume of memoirs by “Dragons’ Den... Continue reading at The Bookseller

[ The Bookseller | 2013-03-20 00:00:00 UTC ]
More news stories like this |

Pottermore forms Sony gaming partnership

Pottermore has moved into social gaming through a partnership with Sony. Pottermore at... Continue reading at The Bookseller

[ The Bookseller | 2013-03-18 00:00:00 UTC ]
More news stories like this | News stories tagged with: #social gaming

Michael Joseph acquires Woodhouse

Michael Joseph has acquired two novels by debut British thriller writer Jake Woodhouse, following... Continue reading at The Bookseller

[ The Bookseller | 2013-03-14 00:00:00 UTC ]
More news stories like this | News stories tagged with: #michael joseph

ePublishing Acquires B2B Audience Network

Cloud-based CMS, ecommerce and CRM services provider ePublishing has acquired Next-Tech Markets and its advertising network of business publishers. Terms of the deal were not disclosed. Continue reading at Folio Magazine

[ Folio Magazine | 2013-03-14 00:00:00 UTC ]
More news stories like this | News stories tagged with: #advertising network

News Corp. publishing firm to start with $2.6 billion in cash

News Corp.'s soon-to-be publishing company will begin life with no debt and about $2.6 billion in cash -- illustrating the parent company's attempt to provide the new entity with solid financials and money for acquisitions. Continue reading at Los Angeles Times

[ Los Angeles Times | 2013-03-09 00:00:00 UTC ]
More news stories like this | News stories tagged with: #publishing firm

In Filing, News Corp. Says It Will Provide $2.6 Billion to Its New Publishing Company

News Corporation&rsquo;s new publishing company will get an infusion of $2.6 billion in cash and will have no debt when it separates from the company&rsquo;s higher-growth cable channels and Hollywood studio this summer. In a filing with the ... Continue reading at Editor & Publisher

[ Editor & Publisher | 2013-03-08 00:00:00 UTC ]
More news stories like this |

Biteback acquires McKinnon mother's memoir

Biteback Publishing has bought world rights to a book from Janis Sharp, the mother of hacker Gary... Continue reading at The Bookseller

[ The Bookseller | 2013-02-27 00:00:00 UTC ]
More news stories like this | News stories tagged with: #biteback publishing

European Publisher Axel Springer Acquires Second Screen App TunedIn

TunedIn Media, the German company behind the second screen &ldquo;social TV&rsquo; app TunedIn, has been acquired by European publishing giant Axel Springer. The amount isn&rsquo;t being disclosed, so it&rsquo;s unlikely to be a home ... Continue reading at Editor & Publisher

[ Editor & Publisher | 2013-02-26 00:00:00 UTC ]
More news stories like this | News stories tagged with: #german company

Debut author gets 7-figure book deal

A debut author who graduated from the celebrated Iowa Writers' Workshop has a seven-figure book deal.HarperCollins announced Wednesday that it will publish Erika Johansen's Queen of the Tearling, a fantasy trilogy inspired in part by Barack Obama.A person with knowledge of the negotiations said... Continue reading at Crains New York

[ Crains New York | 2013-02-21 00:00:00 UTC ]
More news stories like this | News stories tagged with: #debut author #barack obama

Usborne acquires Tamsyn Murray series

Usborne has acquired a new girls' series by author Tamsyn Murray, with plans to publish the... Continue reading at The Bookseller

[ The Bookseller | 2013-02-21 00:00:00 UTC ]
More news stories like this |

France’s ActuaLitté Celebrates 5th Anniversary, Acquires Kids Site

Five years old today, Paris-based literary magazine ActuaLitté has just acquired Neverending Stories, the first French website dedicated to children’s and YA books. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2013-02-15 00:00:00 UTC ]
More news stories like this | News stories tagged with: #ya books