Take-Two Interactive Completes $12.7B Acquisition of Zynga

Take-Two Interactive completed its $12.7 billion acquisition of Zynga in May 2022, representing one of the gaming industry's largest deals and significantly expanding the publisher's mobile gaming portfolio. The transaction, announced in January 2022, saw Take-Two pay approximately $9.86 per share in an all-cash transaction, valuing Zynga at a substantial premium to its pre-announcement trading price. This acquisition reflected Take-Two's strategic pivot toward mobile and free-to-play gaming, categories where Zynga held established market positions through franchises like FarmVille and Words With Friends.