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

© Zynga

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.

More on the subject

Note: This article has been indexed to our site. We do not claim legitimacy, ownership or copyright of any of the content above. To see the article at original source Click Here

Related Posts
New technique that images every pigment cell of a whole zebrafish thumbnail

New technique that images every pigment cell of a whole zebrafish

The zebrafish (Danio rerio) is an important vertebrate model organism. One of the most readily observable phenotypes in the zebrafish is its distinctive pigmentation patterning, which, in wild-type adults, appears as alternating dark and light longitudinal stripes. Scientists at Berkeley Lab have developed a new technique to image every pigment cell of a whole zebrafish…
Read More
DNA project gives scientists diverse genome for comparison thumbnail

DNA project gives scientists diverse genome for comparison

For two decades, scientists have been comparing every person’s full set of DNA they study to a template that relies mostly on genetic material from one man affectionately known as “the guy from Buffalo.”But they've long known that this template for comparison, or “reference genome,” has serious limits because it doesn't reflect the spectrum of
Read More
Antibiotic-resistant superbug has a protein coat like chain mail thumbnail

Antibiotic-resistant superbug has a protein coat like chain mail

The outer coat of the antibiotic-resistant bacterium Clostridium difficile has a structure similar to chain mail that stops drugs and immune system cells from killing it Health 25 February 2022 By Carissa Wong The outer proteins of Clostridium difficile form a structure like chain mailNewcastle University A bacterium called Clostridium difficile is known as a…
Read More
Less routine study paths that are worth getting to know thumbnail

Less routine study paths that are worth getting to know

חינוך בלתי פורמאלי. צילום: אנדי ברבור, PEXELS משפטים, תקשורת, מדעי המדינה, פסיכולוגיה, מהווים כולם כמסלולי לימוד אקדמיים מוכרים ומדוברים.אבל אם אתם נמצאים בשלב המקדים לקבלת ההחלטה לגבי מסלול לימודים בו אתם מעוניינים להשתלב, מומלץ שתכירו גם את המסלולים הפחות מדוברים – שאינם בהכרח פחות מעניינים.חשוב לזכור, כי בחירת המסלול מהווה כצעד אשר ישפיע במידה רבה…
Read More
Index Of News
Consider making some contribution to keep us going. We are donation based team who works to bring the best content to the readers. Every donation matters.
Donate Now

Subscription Form

Liking our Index Of News so far? Would you like to subscribe to receive news updates daily?

Total
0
Share