Take-Two Interactive is Buying Zynga For $12.7 Billion

Take-Two is buying Zynga for $12.7 billion.

It will make Take-Two one of the biggest players in the mobile gaming business.

Zyngo is becoming a part of take-two interactive.

Take-Two announced today that it has made a deal to acquire the company. Publisher into one of the biggest mobile game companies in the industry.

They are thrilled to announce their transformative transaction with Zynga which will establish their leadership position in the mobile entertainment industry.

This strategic combination brings together console and PC franchises with a diversified mobile publishing platform.

Zynga also has a highly talented and deeply experienced team, Zelnick said.

Mobile gaming remains a key growth opportunity for the company previously said by Take-Two.

Growing our creative teams and expanding our mobile business and expertise further said Zelnick.

Zynga’s fortunes have waxed and waned since the days of Farmville but it remains a major player in mobile with driving revenues of nearly $2 billion in its 2020 fiscal year.

Zynga’s mobile library will enable Take-Two to expand its sources of recurrent consumer spreading.

They are going to see the development of more mobile games.

Take-Two has a meaningful opportunity to create mobile games and new cross-platform experiences.