GTA 5 publisher Take-Two completes multibillion dollar acquisition of FarmVille maker Zynga – Games – News

Smartphone game maker Zynga has become a part of Take-Two. The acquisition, announced early this year, was completed for $12.7 billion. Take-Two believes it will be able to significantly increase its mobile gaming income with this move.

After shareholder approval Was the acquisition approved?† Zynga continues to work on its mobile games under the Take-Two banner. The company is best known for FarmVille, but it also has titles like CSR Racing, Words With Friends, and Zynga Poker in its portfolio.

Take-Two describes the acquisition as a “critical step to dramatically increase smartphone gaming revenue.” In the past fiscal year, the publisher already made 64 percent of its income from “frequent publications.” This pertains, for example, to microtransactions in games like GTA V. Take-Two has not yet had major smartphone games in its wallet.

Zynga generated $2.78 billion in revenue in the last fiscal year. That’s not much less than Take-Two’s annual turnover, which came in at $3.37 billion. Total sales will be $6.15 billion. This is akin to EA and Acitivison-Blizzard’s revenue. The turnover of those companies reached 7.5 and 8.8 billion dollars in the last fiscal year, respectively.

when you take two The acquisition was announced early this yearThis was the biggest announcement in the gaming industry. A few weeks later, this record was broken with Microsoft’s planned acquisition of Activision-Blizzard, for $68.7 billion. However, the acquisition must first be approved by the regulators.