Zynga officially joined Take-Two
Today, the direct merger of Take-Two Interactive and Zynga began. Now the mobile company is considered part of the publisher of Grand Theft Auto.
Zynga CEO Frank Gibeau and the company’s president of publishing, Bernard Kim, are now responsible for its integration into T2 Mobile Games.
However, Kim will not stay in Zynga for a long time. Without waiting for the end of the process (its final stage is scheduled for the end of June), he will leave this month for the position of CEO of the Match dating service.
Recall that Zynga cost $ 12.7 billion ($9.86 for each share). This is the largest deal in the history of Take-Two. The management of the latter believes that the acquired asset will help strengthen its position in the mobile market.
Zynga’s assets include such mobile companies as Peak Games, Gram Games, Small Giant Games, Rollic Games, Chartboost, StarLark and many others. According to AppMagic, Zynga’s monthly net revenue is $84 million.
