In a deal reportedly worth $12.7 billion, console and PC games publisher Take-Two Interactive (“Grand Theft Auto,” “BioShock,” “Borderlands”) is planning to acquire casual mobile-games vendor Zynga (“FarmVille,” “Golf Rival”).
Should it go through, the result will be one of the world’s largest publicly traded games companies and should deliver $100 million of annual cost savings within the first two years after closing. The combined company would be led by Strauss Zelnick, chairman and CEO of Take-Two.
It would also expand the presence of Take-Two into the casual-gaming market. The deal is expected to close during the second quarter of 2022, subject to applicable regulatory and stockholder approvals.
Source: Variety
