Take-Two Interactive has completed the acquisition of mobile studio Zynga.
The transaction sees the Grand Theft Auto publisher purchase all outstanding shares of the company for approximately $12.7 billion.
We are thrilled to complete our combination with Zynga, which is a pivotal step to increase exponentially our Net Bookings from mobile, the fastest-growing segment in interactive entertainment, while also providing us with substantial cost synergies and revenue opportunities.Strauss Zelnick, Chairman and CEO of Take-Two
We are eager to continue building an unparalleled portfolio of games that will reach broader markets and lead to continued growth for this next chapter of Zynga’s history.Frank Gibeau, CEO of Zynga
Take-Two announced its intent to buy the FarmVille maker at the start of the year, as well as the establishment of the T2 Mobile Games business, which will operate under Zynga.