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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SportsTravel, Association News, and a trio of related event businesses join Northstar's Meetings Group. The post Northstar Travel Group Acquires Schneider Publishing Assets appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2017-04-05 00:00:00 UTC ]
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Bertelsmann has acquired a stake in Indian ed-tech company Eruditus Executive Education. Continue reading at The Bookseller
[ The Bookseller | 2017-04-04 00:00:00 UTC ]
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Head of Zeus has signed Dutch bestseller A Jihad For Love by Mohamed El Bachiri. Continue reading at The Bookseller
[ The Bookseller | 2017-04-01 00:00:00 UTC ]
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Headline Publishing Group has acquired a new memoir from Charlotte Crosby, Brand New Me, about "the ups and downs of the past year", publishing on 29th June 2017. Continue reading at The Bookseller
[ The Bookseller | 2017-04-01 00:00:00 UTC ]
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Amazon has acquired Middle Eastern e-commerce website SOUQ.com in a deal referred to as "the biggest-ever technology M&A transaction in the Arab world". Continue reading at The Bookseller
[ The Bookseller | 2017-03-30 00:00:00 UTC ]
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HQ is to publish A Home That Never Was, an "exceptional" and "uncompromising" debut by Michelle Sacks. Continue reading at The Bookseller
[ The Bookseller | 2017-03-29 00:00:00 UTC ]
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Acquisition adds more than 50 new publishers and 250 more titles to portfolio. The post Hearst Magazines and Condé Nast Joint Venture PubWorX Acquires ProCirc appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2017-03-28 00:00:00 UTC ]
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Gollancz has acquired an epic "coming-of-age" fantasy trilogy from author Chris Wooding in a six-figure deal. Continue reading at The Bookseller
[ The Bookseller | 2017-03-24 00:00:00 UTC ]
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Get a group of digital publishers together, and you won’t get five minutes into the conversation without someone addressing the elephant in the room — Facebook. The social giant is unilaterally resetting the terms of its relationship with publishers, sending dwindling audience numbers to... Continue reading at Digiday
[ Digiday | 2017-03-23 00:00:00 UTC ]
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Facebook just executed what might best be described as a digital advertising coup against rival Google and its DoubleClick empire.The social media power said Wednesday that it's bringing advertiser demand from its Audience Network to mobile web publishers that use header bidding.Mobile... Continue reading at Advertising Age
[ Advertising Age | 2017-03-22 00:00:00 UTC ]
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Nobel laureate prizewinning poet “gentle giant” Derek Walcott has died aged 87 at his home in St Lucia after a long illness. Continue reading at The Bookseller
[ The Bookseller | 2017-03-18 00:00:00 UTC ]
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'Last year there were five Chinese publishing companies in the world’s top 20,' IPA's new chief says at London Book Fair. The post IPA’s Michiel Kolman on China: ‘A $10 Billion Concern’ appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2017-03-16 00:00:00 UTC ]
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Blink Publishing, part of Bonnier Publishing, has acquired the rights to Netflix original series, Peter Morgan’s "The Crown" from Leftbank Pictures, Sony Pictures and Netflix. Continue reading at The Bookseller
[ The Bookseller | 2017-03-15 00:00:00 UTC ]
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Hodder & Stoughton has acquired a debut novel, Trying, from Grazia magazine’s features director Emily Phillips, about the ups and downs of trying for a baby. Continue reading at The Bookseller
[ The Bookseller | 2017-03-15 00:00:00 UTC ]
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Hodder & Stoughton imprint Coronet is publishing two further books from Graham Hancock, both focusing on the Americas: America Before and the fourth in the War God series. Continue reading at The Bookseller
[ The Bookseller | 2017-03-14 00:00:00 UTC ]
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Newport Beach is using mobile technology to connect deaf and hard-of-hearing people with municipal services, officials said. Officials recently placed special computer tablets at City Hall, libraries and other facilities so people who need sign-language interpretation can have an on-demand,... Continue reading at Los Angeles Times
[ Los Angeles Times | 2017-03-12 00:00:00 UTC ]
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Mulholland Books has acquired a chilling Christmas-themed murder mystery by author Susi Holliday. Continue reading at The Bookseller
[ The Bookseller | 2017-03-11 00:00:00 UTC ]
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Merriam-Webster lexicographer Kory Stamper picks seven favorites, including "sesquipedalian," "jawn," and more. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-03-10 00:00:00 UTC ]
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If the words "multimedia tie-in" bring back memories of bad video game adaptations and lame comic books pushed by marketing groups to promote feature films, then clearly the 80s and 90s have scarred you too. Cartoon Network's upcoming animated series... Continue reading at Engadget
[ Engadget | 2017-03-10 00:00:00 UTC ]
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Mark Halperin, left, and John Heilemann on a panel about their series on Showtime, “The Circus,” in January 2016. Continue reading at The New York Times
[ The New York Times | 2017-03-10 00:00:00 UTC ]
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