Take-Two Interactive Software, Inc., the largest video game developer in the world, announced today that it has acquired Zynga Game Network, Inc. The purchase price is approximately $12.7 billion.
The purchase price is approximately $12.7 billion (approximately 1.63 trillion yen), making it one of the top acquisitions in the gaming industry in recent years.
About Take-Two Interactive
Take-Two Interactive is a New York-based video game company whose parent company, Rockstar Games, is the developer and publisher of the "Grand Theft Auto Series" and the "Red Dead" series of video game franchises. Rockstar Games is responsible for several globally popular series, including the RED DEAD Series, the Max Payne Series, and the Manhunt Series. The company is also involved in the "Manhunt Series," which is also under its umbrella.
2K Games, also a subsidiary of 2K Games, has produced the Mafia Series, the BioShock Series, and the Civilization Series. Civilization Series, and Borderlands Series.
Strauss Zelnick, chief executive officer of Take-Two Interactive, said the acquisition will allow the company to expand its IP into mobile games.
The company also plans to enable cross-play between consumer and mobile devices.
Zynga is a mobile game developer based in San Francisco, U.S., and is known as the largest social gaming company in the U.S., with a dominant market share in games that can be played primarily on Facebook.
Zynga is known as one of the largest social game developers in the U.S., with a dominant share of the "Ville Series" (CityVille, FarmVille, etc.) and "Cafe World" (Cafe World). Words With Friends.
Industry Restructuring Gains Momentum Overseas
In 2015, Activision Blizzard, Inc., also one of the largest video game developers, acquired King Digital Entertainment, Inc. In 2015, Activision Blizzard, Inc. acquired King Digital Entertainment for approximately $5.9 billion (approx. 712 billion yen).
In November 2020, Take-Two Interactive announced that it would acquire Codemasters, which produces official F1 racing games, for $973 million ($102 billion). Electronic Arts Inc." offered a higher valuation of $1.2 billion (about ¥126.7 billion) and failed to acquire Codemasters. (Codemasters is now part of Electronic Arts Inc.)
Take-Two Interactive will continue to actively consider acquiring more companies.
Keep an eye on the future restructuring of the video game industry.