Take-Two Interactive Software announced the completion of its combination with social gaming operator Zynga for $12.7bn.
Headquartered in New York City, Take-Two Interactive Software is a leading developer, publisher, and marketer of interactive entertainment for consumers around the globe.
The Company develops and publishes products principally through Rockstar Games, 2K, Private Division, and Zynga. Its products are currently designed for console gaming systems, PC, and Mobile including smartphones and tablets, and are delivered through physical retail, digital download, online platforms, and cloud streaming services. The Company’s common stock is publicly traded on NASDAQ under the symbol TTWO.
Strauss Zelnick, Chairman and CEO of Take-Two
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. As we bring together our exceptional talent, exciting pipelines of games, and industry-leading technologies and capabilities, we believe that we can take our portfolio to another level of creativity, innovation, and quality. Each of our teams has a strong history of operational execution, and together, we expect that we will enhance our financial profile through greater scale and profitability, paving the way for us to deliver strong shareholder value.
Frank Gibeau, CEO of Zynga
We are excited for Zynga’s next-generation mobile platform, free-to-play expertise, diverse offering of games and incredible team to join the Take-Two family. 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.
