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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Angela Marsons signs 12-book deal with Bookouture

Digital imprint Bookouture has signed 12 new Detective Kim Stone books from Angela Marsons, in a "major" deal.  Continue reading at The Bookseller

[ The Bookseller | 2020-09-01 18:02:52 UTC ]
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'Game of Thrones' duo are making a 'Three-Body Problem' series for Netflix

Fresh off of adapting a book series that did pretty well as a TV show, Game of Thrones creators David Benioff and D.B. Weiss are bringing another trilogy of novels to the small screen. Along with Alexander Woo (The Terror: Infamy and True Blood), the... Continue reading at Engadget

[ Engadget | 2020-09-01 15:20:58 UTC ]
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Game of Thrones creators to bring Liu Cixin’s sci-fi trilogy to Netflix

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[ The Guardian | 2020-09-01 14:29:32 UTC ]
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7 Takeaways From ‘Melania and Me,’ by the First Lady’s Former Friend

Stephanie Winston Wolkoff was part of the Trumps’ inner circle — until she wasn’t. Her memoir is a cautionary tale. Continue reading at The New York Times

[ The New York Times | 2020-08-28 21:34:51 UTC ]
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[ Publishers Weekly | 2020-08-28 04:00:00 UTC ]
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Piccadilly acquires middle-grade title from Holly Goldberg Sloan

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[ The Bookseller | 2020-08-27 21:46:16 UTC ]
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Writers Against Trump wants to mobilize the literary community in advance of the election.

With voter registration deadlines approaching and misinformation around voter fraud spreading, a newly-formed coalition of writers is volunteering their time to defeat Donald Trump in the presidential election this fall. The group, Writers Against Trump—whose initial members include Paul Auster,... Continue reading at Literrary Hub

[ Literrary Hub | 2020-08-25 17:07:21 UTC ]
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Jamie Oliver rustles up his 67th number one with 7 Ways

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[ The Bookseller | 2020-08-24 18:56:55 UTC ]
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Corvus acquires New Zealand bestseller The Girl in the Mirror

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[ The Bookseller | 2020-08-20 08:34:52 UTC ]
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[ The Bookseller | 2020-08-14 03:42:15 UTC ]
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[ Publishers Weekly | 2020-08-12 04:00:00 UTC ]
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[ The Bookseller | 2020-08-11 21:08:42 UTC ]
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[ The Bookseller | 2020-08-06 12:20:48 UTC ]
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[ The Bookseller | 2020-08-04 17:18:36 UTC ]
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[ The Bookseller | 2020-08-04 09:57:50 UTC ]
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[ The Bookseller | 2020-07-31 11:02:40 UTC ]
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[ The Bookseller | 2020-07-31 10:53:36 UTC ]
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