The most expensive takeover in the video game industry is in the offing

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Games

Take-Two aims to become mobile games leader with $12.7 billion acquisition of Zynga.

The US computer game developer Take-Two wants the US browser games -Operator Zynga take over. All outstanding Zynga Shares are to be priced at $9.86 each (8.7 euros), the companies announced on Monday in New York and San Francisco. Approximately two-thirds of the amount should be in Take Two shares and $3.50 to be paid in cash.

The purchase price corresponds to a premium of 64 percent compared to the closing price last Friday, it said. The company will be valued at

$12.7 billion

estimated. The planned Zynga purchase for this amount would be the most expensive takeover in the video game industry to date.

45 days to change your mind

The Zynga Share price fell premarket by 53 percent admitted, Take-Two’s titles gave 8.7 percent after. Take-Two expects cost savings of around $100 million

from the acquisition annually within the first two years after graduation. The deal is expected to be finalized in the first quarter of Take-Two’s fiscal 2023. The shareholders of both companies and the authorities still have to approve the project.

The mobile games specialist Zynga could also accept an even higher offer within the next 45 days. In any case, that wouldn’t be a premiere. This is how Take-Two wanted the development studio Codemasters at the end of 2020 to buy. However, this one had a better offer from

Electronic Arts a few weeks later agreed, like Golem reported.

Market leader for mobile games

With the acquisition of Zynga, best known for Farmville or Words with Friends, Take-Two now wants to become the market leader for mobile games. Games for PC and consoles from Take-Two are to be realized with it for smartphones and tablets. Which one exactly, is unclear for the time being.

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