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Take-Two Acquires Farmville Creator Zynga For $12.7 Billion

One of the biggest deals in video game history is about to take place. Take-Two Interactive has acquired Farmville creator Zygna for a whopping $12.7 billion. According to The Wall Street Journal, the cash and stock transaction is expected to close in the first quarter of 2023. That is if the regulator approves the sale.

While Take-Two Interactive is known for its console and PC gaming market releases, this marks the company’s first step into mobile gaming. Take-Two Interactive is the publishing house behind some of the biggest video game franchises around. This includes Grand Theft Auto, BioShock, NBA 2K, Red Dead Redemption and many more.

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Zynga, on the other hand, is one of the biggest mobile game developers around. The studio hit its success when it launched Farmville back in 2009. Since then, the studio has gone on to create fairly large games such as Words With Friends, other Farmville mobile games and more.

The studio is currently working on an Among Us mobile clone called Revamp which is expected to launch soon. Frank Gibeau, CEO of Zygna says that the acquisition can only benefit the studio going forward.

“Combining Zynga’s expertise in mobile and next-generation platforms with Take-Two’s best-in-class capabilities and intellectual property will enable us to further advance our mission to connect the world through games.”

Take-Two Interactive’s purchase of Zygna marks one of the biggest acquisitions in gaming. The $12.7 billion cheque beats Microsoft’s $5.7 billion purchase of Bethesda and Tencent’s recent $8.57 of Supercell.

It is still too early to tell what this means for gamers. However, you can probably expect Take-Two Interactive to start working on some dedicated mobile games in the next few years. The company is known for its microtransaction-heavy titles so this venture into mobile gaming comes as no surprise.

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Source: WSJ

Marco is the owner and founder of GLITCHED. South Africa’s largest gaming and pop culture website. GLITCHED quickly established itself with tech and gaming enthusiasts with on-point opinions, quick coverage of breaking events and unbiased reviews across its website, social platforms, and YouTube channel.

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