A press release from Take-Two said it is a transformative combination of companies that makes Take-Two one of the largest and most diversified publishers of mobile games.
We are delighted to announce our transformational transaction with Zynga, which significantly diversifies our business and strengthens our leadership position in mobile, the fastest-growing segment of the interactive entertainment industry. This strategic combination combines our console and PC franchises with the market-leading mobile publishing platform.
Take-Two will acquire all of Zynga’s shares for a total of $9.86 per share – $3.50 in cash and $6.36 per Take-Two common share. The deal represents a 64% premium to Zynga’s share price.
We are incredibly pleased to have found a partner in Take-Two who shares our commitment to investing in our players, strengthening our creative culture, and creating more value for shareholders. With this deal, we begin a new journey that allows us to create even better games, reach a wider audience and achieve significant growth as a leader in the next era of gaming.
The merger of the companies presents good opportunities to capitalize on the interactive entertainment industry. The deal will support Take-Two’s mobile offerings, including popular games: Dragon City, Monster Legends, Top Eleven, Two Dots, and WWE SuperCard.