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Take-Two Completes $12.7B Acquisition of Zynga

Take-Two Interactive has officially acquired social and mobile gaming company Zynga. The $12.7 billion acquisition, announced in January, was completed Monday. The combined company will bring a new slate of popular games to Take-Two, including Zynga’s Farmville, Words with Friends and Zynga Poker.  “We are thrilled to complete our combination with Zynga, which is a […]

Take-Two Interactive Reports Strong Earnings Ahead of Zynga Close

Take-Two Interactive reported strong fourth-quarter earnings ahead of the company’s expected acquisition of mobile gaming company Zynga.  The video game publisher reported net revenue of $930.0 million, up from $839.4 million in last year’s fourth quarter and above the Wall Street consensus. Net income was $111.0 million, or $0.95 per diluted share, as compared to […]

Why Gaming Should Be a “Strategic Imperative” for Hollywood : A Q&A With Venture Capital Exec Peter Levin

Venture capital firm Griffin Gaming Partners has made a name for itself with investments focused on the global gaming space. Headquartered in Santa Monica, it has put money into the likes of mobile gaming firm Spyke Games, Indian social gaming app company WinZO, gamer messaging powerhouse Discord, Overwolf, a platform for creating, sharing and monetizing […]

Zynga’s Rollic Closes Deal for Mobile Game Developer NanoTribe

Mobile game developer Zynga said Thursday that it has closed an acquisition of German-based independent game studio NanoTribe. Founded in 2017, NanoTribe has previously published games with Zynga’s subsidiary Rollic, an Istanbul-based developer and publisher that the mobile giant acquired in 2020, including Arrow Fest and Cashier 3D, the latter of which has surpassed 33 million […]

Sony’s $3.6B Bungie Deal: Wall Street Unpacks Logic Amid Gaming M&A Wave

It’s only January, and yet a new week brought another major deal that shifts the landscape for the video game industry. With Sony Corp. unveiling a $3.6 billion deal on Monday to acquire Bungie, the game developer behind hits like the Halo and Destiny franchises, Wall Street observers have started putting the transaction into the […]

Will Zynga Sale Set Off Wave of Video Game Deals?

Hollywood has had more than its share of major deals in the last few years — from Walt Disney’s Fox acquisition and Amazon’s expected takeover of MGM to the proposed Discovery-WarnerMedia merger — as entertainment companies look to boost their scale in the streaming age. Could the video gaming sector soon see a similar M&A […]

Take-Two Interactive to Acquire Zynga in $12.7B Deal

Video game company Take-Two Interactive has agreed to acquire mobile gaming powerhouse Zynga, the companies said on Monday. Take-Two, led by chairman and CEO Strauss Zelnick, will acquire all of the outstanding shares of Zynga in a cash and stock transaction valued at $9.861 per Zynga share, based on the market close as of Friday, […]

Entertainment Stock Picks for 2022: What Wall Street Is Bullish About

With the cost of the streaming wars accelerating, Wall Street is likely to spend much of the new year debating what subscriber trends and production budget news will mean for 2022’s stock winners and losers. And the impact of the coronavirus pandemic, notably the omicron variant, on businesses will also be in focus for analysts […]

Zynga Unveils ‘Disco Loco 3D’ Game Exclusively for TikTok

Mobile gaming giant Zynga unveiled on Monday that its music and dancing-themed game Disco Loco 3D is entering soft launch in select markets exclusively for TikTok. Disco Loco 3D is a single-player endless runner game where players collect their own dance moves while challenging their friends and followers and avoiding obstacles on an increasingly challenging […]

Zynga Unveils Social Deception Game Exclusively for Snapchat

Mobile gaming giant Zynga on Friday revealed that ReVamp, a multiplayer social deception game, will soon launch in select markets exclusively for Snapchat. The vampire-themed game, the first of its kind to land on Snap Games — Snapchat’s in-app gaming platform — tasks players with aiming to reveal who the vampire is within a group […]

Zynga Unveils Partnership Between ‘Words With Friends’ and Lady Gaga’s Born This Way Non-Profit

Mobile gaming giant Zynga unveiled on Monday its latest partnership between Words With Friends and Lady Gaga’s non-profit Born This Way foundation. In honor of the organization’s #BeKind21 campaign promoting mental wellness, Words With Friends will feature the word ‘Kindness’ as the Word of the Day on Sept. 1, while encouraging players to pledge to […]

Zynga Grows Revenue to $720M, But Cites “Choppiness” On Audience Numbers

Mobile gaming company Zynga reported $720 million in revenue for the second quarter of 2021, up from $680 million in the prior quarter. Growth was driven by performances from franchises including Words With Friends — which was recently updated with new Solo Challenge content — and the casino-themed Zynga Poker; along with hypercasual games in Rollic’s […]