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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Virago acquires Mackay memoir and backlist

Virago has acquired a memoir by Shena Mackay, plus the writer’s entire backlist. Publisher Lennie Goodings bought world rights to the books from David Miller at Rogers, Coleridge and White. Mackay published her first book, written when she was a teenager, at the age of 20 and has since written... Continue reading at The Bookseller

[ The Bookseller | 2015-03-11 00:00:00 UTC ]
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Tinder Press acquires Bishop début

Tinder Press has acquired a UK début by Australian author Stephanie Bishop. Publisher Mary-Anne Harrington bought British Commonwealth rights, excluding Australia New Zealand, to The Other Side of the World from Airlie Lawson at Hachette Australia.  The novel tells the story of a fractured... Continue reading at The Bookseller

[ The Bookseller | 2015-03-07 00:00:00 UTC ]
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HC Children’s acquires Derek Landy trilogy

HarperCollins Children’s Books has acquired a YA trilogy from Derek Landy, the author of the Skuldugerry Pleasant series. The first book, Demon Road, is about a 16-year-old teenager called Amber and her friend Milo who undertake an epic road trip, encountering killer cars, vampires, undead... Continue reading at The Bookseller

[ The Bookseller | 2015-03-05 00:00:00 UTC ]
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Granta acquires two from Steavenson

Granta Books has signed two books from New Yorker writer Wendell Steavenson. Laura Barber signed rights from Anna Webber at United Agents, on behalf of Bill Clegg at the Clegg Agency, following an auction. The two books are Three Days in Paris, an on-the-ground account of the Charlie Hebdo... Continue reading at The Bookseller

[ The Bookseller | 2015-03-03 00:00:00 UTC ]
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MCB acquires YA debut from Reuter Hapgood

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[ The Bookseller | 2015-02-28 00:00:00 UTC ]
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[ AdWeek | 2015-02-27 00:00:00 UTC ]
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US publisher Lerner acquires Egmont USA’s list

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[ The Bookseller | 2015-02-27 00:00:00 UTC ]
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Apple Runs First Watch Ads: 12 Pages in Vogue

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[ Advertising Age | 2015-02-26 00:00:00 UTC ]
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Money, mobile and maturing brands: What else is keeping publishers up at night?

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[ Digiday | 2015-02-26 00:00:00 UTC ]
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[ Publishers Weekly | 2015-02-25 00:00:00 UTC ]
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[ The Bookseller | 2015-02-21 00:00:00 UTC ]
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[ The Guardian | 2015-02-20 00:00:00 UTC ]
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[ The Bookseller | 2015-02-14 00:00:00 UTC ]
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Blink acquires former boxing promoter Kellie Maloney's memoir

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[ The Bookseller | 2015-02-13 00:00:00 UTC ]
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Little Tiger acquires debut picture books

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[ The Bookseller | 2015-02-12 00:00:00 UTC ]
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Orion Children’s acquires new Lawrence series

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[ The Bookseller | 2015-02-10 00:00:00 UTC ]
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[ The Bookseller | 2015-02-07 00:00:00 UTC ]
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To sell online, indie publishers must use Amazon. But its methods leave them out of pocket – or out of sight, paying hidden charges, says the founder of Linen Press Indie publishers need transparency and support from online companies that sell their books. Amazon fails such publishers on both... Continue reading at The Guardian

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