Publishers Take-Two Interactive (Take-Two) and Zynga announced on January 10 that Take-Two will merge to buy all of Zynga’s outstanding shares. With a total of 12.7 billion dollars (about 1.46 trillion yen), it will be the largest acquisition in the game industry.
Take-Two is a major publisher with Rockstar Games, 2K, Private Division and more. Zynga, on the other hand, is a leading manufacturer of mobile and social games. He dominated the world with “FarmVille” for Facebook, and has since gained a large number of users in the “Zynga Poker” and “CSR Racing” series. Recently, he has also developed “Star Wars Hunters” for Nintendo Switch.
Regarding this acquisition, Take-Two commented that the two global leaders in the interactive entertainment business will be integrated, making the company one of the largest mobile game publishers in the industry. He also touched on the IP that both companies have created and expanded, and said that they will have the most diverse portfolio in this field.
Specifically, Take-Two’s “GTA”, “Red Dead Redemption”, “Midnight Club”, “NBA 2K”, “Bioshock”, “Borderlands”, “Civilization”, “Kerbal Space Program”, and Zynga’s IPs such as “FarmVille,” “Empires & Puzzles,” “Golf Rival,” “Harry Potter: Puzzles & Spells,” and “Toon Blast” are listed. It is also considering deploying Take-Two’s IP for mobile, and aiming for cross-platform deployment by utilizing the basic play-free business model cultivated by Zynga.
Take-Two CEO Strauss Zelnick commented that after the acquisition, the two companies will integrate their complementary businesses and operate on a larger scale. It will provide significant value to the shareholders of both companies, including achieving annual cost synergies of $ 100 million in the first two years. Meanwhile, Zynga CEO Frank Gibeau said he was able to find a partner to grow significantly as a leader in the next era of the gaming industry, recalling that 2021 was a great achievement.
Take-Two’s acquisition of Zynga is expected to close in the coming months. After the merger, Zynga’s management will oversee the integration of the two companies’ mobile businesses and will operate under the Zynga brand.