Take-Two's $12 billion Zynga buyout is largest in video games history

Take-Two Interactive makes history with the largest video games acquisition of all time with its $12.7 billion proposal for Zynga.

Published Jan 10, 2022 4:42 PM CST   |   Updated Thu, Feb 3 2022 5:23 AM CST
1 minute & 0 seconds read time

Take-Two Interactive is prepared to pay up to $12.7 billion for mobile games titan Zynga. The deal represents the largest acquisition buyout in video games history.

Take-Two's  billion Zynga buyout is largest in video games history 3 | TweakTown.com

Grand Theft Auto and NBA 2K parent company Take-Two Interactive is planning to make video games history with the single largest buyout of all time. The publisher has made an offer to buyout Zynga's shares for $9.86, which implies a total price of $12.7 billion.

Take-Two's offer for Zynga beats Tencent's $10.2 billion buyout of Supercell in 2016 and Microsoft's $7.5 billion acquisition of ZeniMax in 2021.

Read Also: Top most expensive video game acquisition buyouts of all time

Zynga would create new mobile versions of Take-Two's prized franchises, a press release confirms, while also delivering consistent live service revenues via its multitude of monetized free-to-play mobile titles. Another big aim is widespread adoption and expansion to other territories using mobile gaming, and Zynga will create distinct cross-platform experiences across Take-Two's premium and freemium titles.

The deal allows a 45-day go-shop period where Zynga can accept proposals for other companies. Zynga has the option to sell its shares to another company if a better offer is made.

Take-Two's $12 billion Zynga buyout is largest in video games history 552 | TweakTown.com
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NEWS SOURCE:ir.take2games.com

Derek joined the TweakTown team in 2015 and has since reviewed and played 1000s of hours of new games. Derek is absorbed with the intersection of technology and gaming, and is always looking forward to new advancements. With over six years in games journalism under his belt, Derek aims to further engage the gaming sector while taking a peek under the tech that powers it. He hopes to one day explore the stars in No Man's Sky with the magic of VR.

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