Take two has completed the acquisition of Zynga. The two companies announced on Monday that take two had officially completed its $12.7 billion acquisition of social game developer Zynga. Through this acquisition, take two not only obtained the management right and ownership of large Zynga such as Farmville, but also obtained the professional intellectual property rights of Zynga to create popular free mobile games.
Many famous game studios have invested heavily in the mobile field, and some of the largest games have proved to generate absolutely huge revenue. For example, according to the data of sensor tower, the revenue of call of Duty: mobile version launched by Activision in October 2019 has recently exceeded $1.5 billion. In November, sensor tower said krafton's "pubg mobile" had a lifetime income of more than a staggering $7 billion. (Tencent participated in the development of these two games to a large extent).
Take two, which owns major games such as Grand Theft Auto, biochemical Raiders and civilization, is likely to want to participate in mobile games. In its investor introduction at the time of trading, it said that it plans to bring more management rights to the mobile platform with the help of Zynga.
The transaction was first disclosed in January, and finally opened the prelude to a series of large-scale game acquisition announcements. At that time, take two's acquisition of Zynga was considered to be one of the largest acquisitions in the history of video games, but just more than a week later, Microsoft announced its acquisition of Activision Blizzard for $68.7 billion, greatly increasing the acquisition amount. At the end of the month, Sony said it would buy fate developer Bungie for $3.6 billion.