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Grand Theft Auto Maker Successfully Buy the Farmville Game Maker

Grand Theft Auto Maker Successfully Buy the Farmville Game Maker
The Siliconreview
11 January, 2022

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.