Take-Two and Zynga finalized their merger on May 23rd, marking the industry’s largest completed deal at $12.7 billion, surpassing the $8.6 figure of Tencent’s Supercell purchase in 2016.
The deal will soon be overtaken once Microsoft completes its acquisition of Activision Blizzard for $68.7 billion, but it appears that purchase will be in purgatory for awhile as things get sorted out on both sides.
“We are thrilled to complete our combination with Zynga, which is a pivotal step to increase exponentially our net bookings from mobile, the fastest-growing segment in interactive entertainment, while also providing us with substantial cost synergies and revenue opportunities,” said Strauss Zelnick, CEO of Take-Two. “As we bring together our exceptional talent, exciting pipelines of games, and industry-leading technologies and capabilities, we believe that we can take our portfolio to another level of creativity, innovation, and quality.”
With this purchase, Take-Two has added some illustrious Zynga titles to its repertoire including the social gaming brands Farmville and Words With Friends among many, many others.
(All information was provided by Video Games Chronicle)