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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Hachette announced on Monday that it is acquiring the backlist of Meadowbrook Press, best known for titles for both parents and expectant parents; the list will be refreshed and reissued as Da Capo or Running Press releases. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-11-06 00:00:00 UTC ]
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Little, Brown Book Group imprint Piatkus has acquired a guide to ageing well, called The Age-Well Project, by author Annabel Abbs and TV executive and cook book author Susan Saunders. Continue reading at The Bookseller
[ The Bookseller | 2017-11-04 00:00:00 UTC ]
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Hodder & Stoughton has acquired To War with the Walkers, a new social history of World War Two, following a five-way auction. Continue reading at The Bookseller
[ The Bookseller | 2017-11-01 00:00:00 UTC ]
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Weidenfeld & Nicolson has bought a "major" new non-fiction title, Dead Doubles by writer and journalist Trevor Barnes, about the discovery, pursuit and capture of the Portland Spy Ring. Continue reading at The Bookseller
[ The Bookseller | 2017-11-01 00:00:00 UTC ]
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The Better Homes & Gardens publisher says the agency's assessment is "without factual basis and legally erroneous." The post Meredith Sues the IRS, Alleging $12 Million Overpayment appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2017-11-01 00:00:00 UTC ]
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Bonnier Publishing imprint Templar Books has acquired world rights for two picture books from Sebastien Braun in a deal with Arabella Stein of the Bright Agency. Continue reading at The Bookseller
[ The Bookseller | 2017-10-28 00:00:00 UTC ]
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In addition to adding $1.28 billion in revenue from its August purchase of the grocery chain, online sales at Amazon rose 22% in the third quarter over the comparable period a year ago. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-10-26 00:00:00 UTC ]
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The sun had started to set on Dodger Stadium as the trio left the bullpen, yet the 103-degree heat still clung to Chavez Ravine like a cloak. Clayton Kershaw walked shoulder to shoulder through the swelter with pitching coach Rick Honeycutt and catcher Austin Barnes. An ovation greeted the... Continue reading at Los Angeles Times
[ Los Angeles Times | 2017-10-25 00:00:00 UTC ]
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Fast-growing indie graphic novel publisher Lion Forge has acquired The BEAT, a comics trade news site founded by PW graphic novels reviews editor Heidi MacDonald. As a result, MacDonald is leaving PW to focus on directing The BEAT on a full-time basis. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-10-24 00:00:00 UTC ]
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Ending months of speculation, the two parties have reached a deal. The post Hearst Acquires Rodale’s Magazines appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2017-10-19 00:00:00 UTC ]
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Serpent’s Tail has bought Romanian crime writer’s E O Chirovici’s second novel in English. Continue reading at The Bookseller
[ The Bookseller | 2017-10-14 00:00:00 UTC ]
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Intimidation, grooming, exploitation: we pay too high a price for the internet’s wonders. The state has to introduce far tougher regulationThe stupidest article I ever wrote, in the 1990s, forecast that the internet would benefit just two groups of people: lawyers and pornographers. I was wrong.... Continue reading at The Guardian
[ The Guardian | 2017-10-12 00:00:00 UTC ]
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David Higham Associates is acquiring Gregory & Company, the agency founded by Jane Gregory in 1987 and representing Val McDermid. Continue reading at The Bookseller
[ The Bookseller | 2017-10-06 00:00:00 UTC ]
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Over half of Liberation's mobile revenue comes from Facebook Instant Articles, which accounts for 10 percent of its mobile pageviews. The post French publisher Liberation now gets half of mobile ad revenue from Facebook Instant Articles appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2017-10-04 00:00:00 UTC ]
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Oneworld is to publish Democracy Hacked, an investigation into how hackers are "gaming" democracy by Dr Martin Moore. Continue reading at The Bookseller
[ The Bookseller | 2017-10-04 00:00:00 UTC ]
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Century has acquired two new thrillers from Hollie Overton, author of the Richard & Judy book club pick Baby Doll. Continue reading at The Bookseller
[ The Bookseller | 2017-10-03 00:00:00 UTC ]
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Making good on its plans for Latin American expansion, ebook distributor Bookwire buys Brazil's Distribuidora de Livros Digitals, DLD. The post Distribution Expansion: Germany’s Bookwire Acquires Brazil’s DLD appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2017-10-01 00:00:00 UTC ]
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Bonnier Zaffre has acquired UK and Commonwealth rights for The Anomaly, the first title published by Michael Rutger. Continue reading at The Bookseller
[ The Bookseller | 2017-09-30 00:00:00 UTC ]
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Sam Eades, editorial director at Trapeze, has acquired a "steamy" and "gripping" courtroom drama, Degrees of Guilt by H S Chandler. Continue reading at The Bookseller
[ The Bookseller | 2017-09-30 00:00:00 UTC ]
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Two recent books take readers into the pressure cooker that videogame development can so often become. Continue reading at Wired
[ Wired | 2017-09-29 00:00:00 UTC ]
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