Take-Two acquires Zynga with the largest billion-dollar deal in gaming history, dreaming of becoming a leading mobile game company

Take-Two spent big to acquire Zynga, and at the moment, no merger and acquisition event in the history of the gaming industry has been larger than the billions of dollars that have changed hands. Shareholders of the two companies approved all terms on Thursday, and Zynga stock was officially removed from the exchange after last week’s trading session.

For each Zynga share, shareholders received $3.5 and 0.0406 Take-Two shares. The total contract value is up to 12.7 billion USD, and the two big companies of the electronic entertainment industry are officially in the same house.

The huge amount reflects the size of Take-Two and Zynga. Take-Two Corporation owns the best-selling game series, including the entire Grand Theft Auto game, the long-standing strategy game series Civilization, in addition to sports games such as NBA2K, WWE, and some action games. such as Borderlands and BioShock.

Zynga has been famous for a long time with the hit farm game Farmville. Today, Zynga develops many mobile games such as Golf Rival, CSR racing game series and a variety of casino games.

The contract is reasonable with both sides, when Take-Two knows how to run blockbuster games, and Zynga has been exploiting the mobile segment very successfully. Obviously, Take-Two President and CEO Strauss Zelnick is extremely pleased with the new development.

“We are extremely excited after successfully partnering with Zynga, which is an important step in [việc tham gia] mobile market, the fastest growing field in interactive entertainment model“, Mr. Zelnick told shareholders and the press. Also in the statement, CEO Zelnick described the deal as a way to help the company “tBecome a leader in the field of mobile games“.

The contract of $ 12.7 billion may soon be demolished, when Microsoft has confirmed to buy Activision Blizzard for $ 68.7 billion. Insiders say that Activision Blizzard’s shareholders have given up and are voting to approve the giant deal. Microsoft will have to deal with many more legal hurdles, but sooner or later Activision Blizzard will be going home with the father of Xbox.