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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In the past making money from a mobile app has usually involved signing up to an advertisement network and allowing the app to display banner ads. The problem with this is that it doesn't make for a particularly good user experience and may actually turn people off using the app. For some time... Continue reading at Betanews

[ Betanews | 2015-08-04 00:00:00 UTC ]
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[ The Bookseller | 2015-07-30 00:00:00 UTC ]
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Adobe’s Digital Publishing suite has long offered a way for brands to publish content on tablets, but on Wednesday the company introduced a new generation of the software tweaked specifically to put such capabilities in the hands of ordinary business users.Adobe’s new Digital Publishing Solution... Continue reading at PC World

[ PC World | 2015-07-30 00:00:00 UTC ]
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Pan Mac acquires four for its biz and science list

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[ The Bookseller | 2015-07-25 00:00:00 UTC ]
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Two Roads acquires novel about Vanderbilt women

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[ The Bookseller | 2015-07-23 00:00:00 UTC ]
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Dunkin' Donuts Is Using 7 Social Platforms to Sell Iced Coffee to Music-Loving Millennials

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[ AdWeek | 2015-07-21 00:00:00 UTC ]
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[ The Bookseller | 2015-07-18 00:00:00 UTC ]
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[ The Bookseller | 2015-07-17 00:00:00 UTC ]
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[ The Bookseller | 2015-07-17 00:00:00 UTC ]
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[ Publishers Weekly | 2015-07-17 00:00:00 UTC ]
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[ AdWeek | 2015-07-16 00:00:00 UTC ]
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[ Publishers Weekly | 2015-07-15 00:00:00 UTC ]
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[ The Guardian | 2015-07-14 00:00:00 UTC ]
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[ Publishers Weekly | 2015-07-13 00:00:00 UTC ]
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'Doctor Who' series 9 trailer has a 'Game of Thrones' twist

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[ Los Angeles Times | 2015-07-10 00:00:00 UTC ]
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Baker & Taylor Launches Axis 360 Mobile App

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[ Publishers Weekly | 2015-07-08 00:00:00 UTC ]
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