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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Book to Film Deals, Week of March 12, 2018

What books have producers been snapping up? This week deals were made for hip hop fashion icon Dapper Dan's forthcoming memoir and Jason Mott's 2014 novel about a girl with healing powers. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-03-12 00:00:00 UTC ]
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International Hot Book Properties, Week of March 12, 2018

This week's hot books include a Swedish literary novel and an illustrated guide to blockchain out of China. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-03-12 00:00:00 UTC ]
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Ignore mobile at your peril, Rajan warns indie publishers

It is vital that publishers implement mobile strategies and exploit data about audience, BBC media editor Amol Rajan has said, whilst discussing the challenges facing organisations such as Facebook and the BBC. Continue reading at The Bookseller

[ The Bookseller | 2018-03-09 00:00:00 UTC ]
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This Week's Bestsellers: March 12, 2018

Journalist Michelle McNamara’s posthumously published true crime investigation, 'I’ll Be Gone in the Dark,’ debuts at #5 in hardcover fiction. Plus Hot for Food vlogger Lauren Toyota publishers her first cookbook, and playwright and screenwriter David Mamet returns with his first novel in two... Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-03-09 00:00:00 UTC ]
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Book Deals: Week of March 12, 2018

Roaring Brook Gets Nerdy, Athletes and Musicians Get Deals, and more in this week’s notable book deals. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-03-09 00:00:00 UTC ]
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Book review: Skin in the Game - Hidden Asymmetries in Daily Life by Nassim Nicholas Taleb

REVIEW: Nassim Nicholas Taleb is the Richard Wagner of uncertainty. While the Ring Cycle of the German composer/librettist portrayed the struggle of the gods in a series of operas, the Incerto series of books by the Lebanese-American author is devoted to humans - specifically how we deal with... Continue reading at Stuff

[ Stuff | 2018-03-03 00:00:00 UTC ]
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The numbers game

Philip Jones crunches the numbers to see if trade publishing has become more profitable.  Continue reading at The Bookseller

[ The Bookseller | 2018-03-02 00:00:00 UTC ]
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SparkPoint Acquires Shebooks

Shebooks, which has released 75 ebook titles to date, will become the ebook only option for SparkPoint's She Writes Press imprint. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-02-23 00:00:00 UTC ]
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Hodder Children’s acquires new Taran Matharu series

Hodder Children’s Books, part of Hachette Children’s Group (HCG), has bought the UK and Commonwealth rights to a new series by YA author Taran Matharu. Continue reading at The Bookseller

[ The Bookseller | 2018-02-14 00:00:00 UTC ]
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Book to Film Deals, Week of February 12, 2018

This week's book to film deals include the first children's book by Sophie Kinsella, and big plans for the Ology series. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-02-13 00:00:00 UTC ]
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Google Debuts AMP Stories for Mobile Readers

AMP Stories. Credit: GoogleGoogle has launched AMP Stories, a feature that lets publishers create content similiar to Instagram Stories, but for mobile websites.AMP, short for Accelerated Mobile Page, loads content extremely fast. The open-source project was led by Google roughly two years ago,... Continue reading at Advertising Age

[ Advertising Age | 2018-02-13 00:00:00 UTC ]
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International Hot Book Properties, Week of February 12, 2018

This week's hot books include a new thriller series from Sweden that has sold in a flurry of sales, and a Polish thriller that sold for world English rights. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-02-13 00:00:00 UTC ]
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Giant advertiser Unilever threatens to pull its ads from Facebook and Google over 'toxic content'

One of the world's largest advertisers is threatening to pull its ads from social sites such as Facebook and YouTube if the tech companies don't do more to minimize divisive content on their platforms. Unilever's chief marketing officer, Keith Weed, will call on Silicon Valley on Monday to better... Continue reading at Los Angeles Times

[ Los Angeles Times | 2018-02-13 00:00:00 UTC ]
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Chatto acquires debut poetry collection exploring Grenfell fire

Chatto & Windus has acquired a "powerful" debut poetry collection exploring the New Cross massacre of 1981 and the Grenfell Tower fire in 2017. Continue reading at The Bookseller

[ The Bookseller | 2018-02-13 00:00:00 UTC ]
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T-Mobile CEO John Legere lists Manhattan penthouse for $22 million

T-Mobile US CEO John Legere wants to sell his New York penthouse for $22 million. The four-bedroom, four-bathroom apartment in Manhattan's Lincoln Square neighborhood has a view of Central Park and was originally owned by newspaper publisher William Randolph Hearst, according to the... Continue reading at Silicon Valley Business Journal

[ Silicon Valley Business Journal | 2018-02-13 00:00:00 UTC ]
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Book Deals: Week of February 12, 2018

Ally Carter sells her debut middle grade series, S&S buys a YA novel by NBA-winner Neal Schusterman and his son, MIT Press nabs an essay collection by Roxane Gay, and more in this week's notable book deals. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-02-09 00:00:00 UTC ]
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This Week's Bestsellers: February 12, 2018

Jojo Moyes has the #8 book in the country with her latest Lou Clark novel, ‘Still Me.’ Plus the ‘New York Times’ and PBS team up for a bestseller-boosting book club, and a YA debut offers a happily-ever-after to its author, if not its readers. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-02-09 00:00:00 UTC ]
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PW Picks: Books of the Week, February 12, 2018

This week: a literary adventure about a movie crew in the jungles of Honduras, plus the painting that shocked the world. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-02-09 00:00:00 UTC ]
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HC Earnings Rise 7% in Q2 on 1% Sales Gain

The positive impact of currency fluctuations, plus higher backlist sales in its children's division, led to a 1% revenue rise at HarperCollins this past quarter. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-02-08 00:00:00 UTC ]
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