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 ]
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Eye Books imprint Lightning Books has acquired The Beat of the Pendulum by New Zealand author Catherine Chidgey. Continue reading at The Bookseller
[ The Bookseller | 2018-09-19 00:00:00 UTC ]
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Founded in 2012 by veterans of the entertainment business, Adaptive Studios is an unusual business venture originally focused on repurposing moribund or abandoned movie scripts into new content for different media, including books, movies, and TV shows. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-09-14 00:00:00 UTC ]
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Headline will publish a book about the history of video games by comedian and gaming expert Steve McNeil. Continue reading at The Bookseller
[ The Bookseller | 2018-09-13 00:00:00 UTC ]
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Tyndale Momentum nabs the first book by Tim Tebow’s mother; a Giants star inks a deal with Zondervan, and more. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-09-12 00:00:00 UTC ]
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Digital content provider VitalSource Technologies has acquired the assets of learning and data analytics platform Acrobatiq, Inc. Continue reading at The Bookseller
[ The Bookseller | 2018-09-07 00:00:00 UTC ]
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Among this week's headlines: Librarians react to another change in the library ebook market; Google pulls a no-show at a Senate hearing; And if you're looking for office space in Chicago, hit up the ALA. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-09-07 00:00:00 UTC ]
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If you haven't heard of Humble Bundle, it's a service that offers discounted games and ebooks for charity. You purchase a pre-selected bundle that offers a very good value, and part of your money goes to charity. It's pretty simple and offers a win-w... Continue reading at Engadget
[ Engadget | 2018-09-07 00:00:00 UTC ]
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Folio Literary Management, LLC, has acquired Harold Ober Associates, a full-service literary agency founded in 1929 that has represented some of the literary titans of the 20th century, including F. Scott Fitzgerald, William Faulkner, Agatha Christie and J.D. Salinger. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-09-06 00:00:00 UTC ]
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Talking, among other things, of developing an loyalty program for consumers based in blockchain tokens, a spokesman for Poland's Merlin.pl talks about its latest move to gain dominance in the market. The post Poland’s Online Bookseller Merlin.pl Acquires Profit M, Expanding Its Footprint in the... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-09-05 00:00:00 UTC ]
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IPG has aquired Midpoint Trade Books. The 22-year-old distributor of 230 small and indie publishers will have its inventory transferred to IPG’s Chicago warehouse in the first quarter of 2019. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-09-04 00:00:00 UTC ]
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Hodder has acquired a new book from thought leader and Rabbi Jonathan Sacks about the "outsourcing" of morality and what needs to be done to recover it. Continue reading at The Bookseller
[ The Bookseller | 2018-08-30 00:00:00 UTC ]
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Canongate will next May publish The Ice House, a second novel from fantasy writer Tim Clare. Continue reading at The Bookseller
[ The Bookseller | 2018-08-30 00:00:00 UTC ]
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William Heinemann has acquired On the Red Hill by Mike Parker, a memoir on "love, acceptance, finding home and the redemptive power of nature". Continue reading at The Bookseller
[ The Bookseller | 2018-08-29 00:00:00 UTC ]
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Calvin Cordozar Broadus Jr., aka Snoop Dogg, is publishing his first cookbook From Crook to Cook with Chronicle Books. Continue reading at The Bookseller
[ The Bookseller | 2018-08-24 00:00:00 UTC ]
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A 3D installation of Earth, made up of thousands of answers to the question "How do you stay sane in a world that isn’t?", has been constructed to mark the publication of Matt Haig's latest book Notes on a Nervous Planet (Canongate). Continue reading at The Bookseller
[ The Bookseller | 2018-08-18 00:00:00 UTC ]
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The bestselling iBooks in biographies and memoirs, fiction and literature, mysteries and thrillers, and more for the week ended August 12, 2018. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-08-17 00:00:00 UTC ]
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A bookshop was left stranded after HSBC closed its bank account for 12 days as part of a crackdown on financial crime. Continue reading at The Bookseller
[ The Bookseller | 2018-08-10 00:00:00 UTC ]
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Comics publishers and video game developers prove a natural match, with overlapping fan bases and complementary content making for eye-popping revenue opportunities. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-08-10 00:00:00 UTC ]
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Penguin Random House Children’s and The Roald Dahl Story Company are planning a series of events based on James and the Giant Peach for this year’s Roald Dahl Day. Continue reading at The Bookseller
[ The Bookseller | 2018-08-04 00:00:00 UTC ]
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The Overlook Press, cofounded by Peter Mayer, the former chair and CEO of the Penguin Group, in 1971, has been acquired by illustrated book publisher Abrams. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-08-01 00:00:00 UTC ]
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