Grand Theft Auto Maker Successfully Buy the Farmville Game Maker

GTA makers buy Farmville and Words with Friends creator Zynga for a whopping sum of $12.7bn deal

The makers of most renowned game Grand Theft Auto (GTA) in a recent announcement have stated that they are buying Farmville and Words with Friends creator Zynga for a whopping sum of $12.7bn cash-and-stock deal. The company has stated that this acquisition aims to create a new path in mobile gaming as it brings together the Take-Two’s powerhouse expertise in console gaming.

The Take-Two, which is also known for Red Dead Redemption, represents a 64 percent premium to Zynga’s last closing price. This strategic combination will bring out best-in-class console and PC franchises. It will also create a market-leading, diversified mobile publishing platform that has a rich history of innovation and creativity in the gaming sector.

This will also provide best-in-class capabilities and intellectual property is a game changing opportunity for the gaming industry. The company has stated that the deal is expected to close in the first quarter of Take-Two’s fiscal 2023. The transaction will also include go-shop provision, which gives Zynga an additional 45 days to hear other pitches.