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'


'The Quarry' is a teen horror game from the creators of 'Until Dawn'

The producers of Until Dawn are returning to their roots after years of Dark Pictures Anthology games. Supermassive Games and 2K have unveiledThe Quarry, a teen horror title that has you once again deciding the fates of frightened youth. You control nine camp counselors as a night of celebrating... Continue reading at Engadget

[ Engadget | 2022-03-17 20:15:57 UTC ]
More news stories like this | News stories tagged with: #xbox series #star power #work hard #windows pcs #horror movies #anthology


Make money turning your short fiction… into a video game?

Are you tired of getting your short stories rejected by literary magazines with weird names like Ploughshares, The Paris Review, and, lol, The New Yorker? Do you, a writer of a searing, minimalist narratives of longing and loss amid the ruins of late capitalism, need to eat?  Sure you do! Well,... Continue reading at Literrary Hub

[ Literrary Hub | 2022-03-17 16:16:55 UTC ]
More news stories like this | News stories tagged with: #video game #literary magazines #paris review #late capitalism #short stories


Book Riot’s Deals of the Day for March 12, 2022

This edition of Daily Deals is sponsored by Macmillan eDeals.`Macmillan eDeals`https://bookriot.com/giveaways/win-a-kindle-oasis-3`https://bookriot.com/wp-content/uploads/2022/03/KindleOasisEAC_300x250_OPT-2.jpg.optimal.jpg` Continue reading at Book Riot

[ Book Riot | 2022-03-12 15:17:19 UTC ]
More news stories like this | News stories tagged with: #daily deals #/giveaways/win-a-kindle-oasis-3`https #macmillan edeals #`macmillan edeals`https #macmillan


The Huntington has acquired Eve Babitz’s archive.

Last December, the literary world mourned the loss of essayist Eve Babitz—joyful, sharp observer of Los Angeles. Now, The Huntington Library in San, Marino has announced it has acquired Babitz’s archive, meaning researchers will be able to browse drafts of Babitz’s books and articles, original... Continue reading at Literrary Hub

[ Literrary Hub | 2022-03-11 18:11:06 UTC ]
More news stories like this | News stories tagged with: #original works #personal journals #literary world


7 Novels Set in the Literary World

At the risk of seeming obnoxiously obsessed with ourselves, writers and readers do tend to love books about writers and readers—especially when those fictional writers and readers behave badly. (It’s no wonder, really, why the Bad Art Friend discourse hit a nerve; so many people were frantic... Continue reading at Electric Literature

[ Electric Literature | 2022-03-11 12:00:00 UTC ]
More news stories like this | News stories tagged with: #love books #electric literature #literary world


Wiley on Track to Top $2 Billion in Sales in Fiscal 2022

Despite a number of challenges, third quarter revenue at John Wiley rose 7% over the comparable period in fiscal 2021 and the company is poised to have sales exceed $2 billion for the first time in its history. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-03-10 05:00:00 UTC ]
More news stories like this | News stories tagged with: #quarter revenue


Book Riot’s SFF Deals for March 7, 2022

Today’s edition of SFF Daily Deals is sponsored by Macmillan eDeals`Macmillan eDeals`https://bookriot.com/giveaways/win-a-kindle-oasis-3`https://bookriot.com/wp-content/uploads/2022/03/KindleOasisEAC_300x250_OPT-1.jpg.optimal.jpg` Continue reading at Book Riot

[ Book Riot | 2022-03-07 16:06:31 UTC ]
More news stories like this | News stories tagged with: #sff deals #/giveaways/win-a-kindle-oasis-3`https #macmillan


‘IPA Academy’ Digital Publishing Program Set for a March 7 Opening

The 'IPA Academy' program being opened with Sharjah Book Authority, is geared to supporting publishers with digital skills and advancement. The post ‘IPA Academy’ Digital Publishing Program Set for a March 7 Opening appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2022-03-02 14:13:03 UTC ]
More news stories like this | News stories tagged with: #ipa academy #supporting publishers #digital skills #digital publishing


Enough About Me: 12 Exciting Upcoming 2022 Memoirs

Tell me about it, stud: Here are 12 exciting upcoming 2022 memoirs full of hot goss and amazing stories for you to add to your TBRs, including Finding Me: A Memoir by Viola Davis. Continue reading at Book Riot

[ Book Riot | 2022-02-28 11:37:00 UTC ]
More news stories like this | News stories tagged with: #amazing stories #viola davis #memoir


Will your games work on the Steam Deck? This official tool tells you

Valve’s portable PC gaming machine, the Steam Deck, is gaining a lot of attention as its official release date draws near. But between its Linux-based Steam OS operating system and its power-efficient AMD parts, players could be forgiven for wondering which high-powered games can actually run... Continue reading at PC World

[ PC World | 2022-02-23 17:14:15 UTC ]
More news stories like this | News stories tagged with: #large library #steam deck #libraries


Veritas Capital to Acquire Houghton Mifflin Harcourt

Less than a year after HarperCollins purchased the trade division of Houghton Mifflin Harcourt, a private equity firm has made an agreement to acquire the remainder of the learning technology company. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-02-22 05:00:00 UTC ]
More news stories like this | News stories tagged with: #veritas capital #trade division #harpercollins


12 Middle Grade Asian Historical Fiction Books by Authors of Color

These middle grade AAPI and Asian historical fiction books, including Troublemaker by John Cho, transport readers into past, learning about important moments in history. Continue reading at Book Riot

[ Book Riot | 2022-02-17 11:36:00 UTC ]
More news stories like this | News stories tagged with: #transport readers #historical fiction


12 Fascinating Near-Future Science Fiction Books

Take a look into our present and future with these near-future science fiction books that are eerily prescient, including Firebreak by Nicole Kornher-Stace6. Continue reading at Book Riot

[ Book Riot | 2022-02-17 11:35:00 UTC ]
More news stories like this | News stories tagged with: #eerily prescient #science fiction


Valve Steam Deck wows reviewers: ‘The most innovative gaming PC in 20 years’

The Steam Deck, Valve’s take on a Switch-style portable PC gaming machine, is perhaps the most anticipated piece of portable hardware since…well, since the Nintendo Switch. So it’s understandable that the technology press is champing at the bit to devour every detail about it, even well before... Continue reading at PC World

[ PC World | 2022-02-09 18:09:04 UTC ]
More news stories like this | News stories tagged with: #haptic feedback #console gamers #expect vibration #enhance immersion #poo stain #white sheet #weeks left #syncing progress #today epic #linux version #incomplete glimpses #huge library #starting price #february 25th #big promises #libraries


Valve’s Steam Deck wows reviewers: ‘The most innovative gaming PC in 20 years’

The Steam Deck, Valve’s take on a Switch-style portable PC gaming machine, is perhaps the most anticipated piece of portable hardware since…well, since the Nintendo Switch. So it’s understandable that the technology press is champing at the bit to devour every detail about it, even well before... Continue reading at PC World

[ PC World | 2022-02-08 14:47:24 UTC ]
More news stories like this | News stories tagged with: #haptic feedback #console gamers #expect vibration #enhance immersion #poo stain #white sheet #weeks left #syncing progress #today epic #linux version #incomplete glimpses #huge library #starting price #february 25th #big promises #libraries


Draft2Digital to Acquire Smashwords

In a deal that unites two of the largest independent distributors of self-published books, Draft2Digital has agreed to acquire Smashwords for an undisclosed price. The purchase is expected to be complete by March 1, at which time the combined company will operate under the Draft2Digital name. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-02-08 05:00:00 UTC ]
More news stories like this | News stories tagged with: #self-published books #undisclosed price #combined company #independent distributors


New York Times buys viral game Wordle for seven-figure sum

Creator Josh Wardle ‘thrilled’ that newspaper is taking over internet sensationThe New York Times has acquired the viral word game Wordle for an undisclosed seven-figure sum, the publisher announced on Monday.Created by a Reddit engineer and launched in October, Wordle gives players just six... Continue reading at The Guardian

[ The Guardian | 2022-01-31 23:22:01 UTC ]
More news stories like this | News stories tagged with: #seven-figure sum #publisher announced


7 Novels About Family Curses

I have always held a keen interest toward the processes of myth formation and how beliefs about family identity are handed down through generations. My debut novel Defenestrate tells the story of a family in the midst of reckoning with superstition and inheritance, the long-held beliefs that can... Continue reading at Electric Literature

[ Electric Literature | 2022-01-31 12:00:00 UTC ]
More news stories like this | News stories tagged with: #electric literature #debut novel


The 12 Best Book Covers of January

While 2022 may have started with a whimper when it comes to the things that really matter—voting rights, filibuster reform, vaccines for children under 5, a robust and timely government pandemic response—it also started with some pretty nice-looking books. This month, my favorite book covers are... Continue reading at Literrary Hub

[ Literrary Hub | 2022-01-28 09:51:39 UTC ]
More news stories like this | News stories tagged with: #book covers #favorite book