KUALA LUMPUR, June 2 -- Zynga Inc, a global leader in interactive entertainment has entered into a definitive agreement to acquire Peak, one of the most globally successful mobile gaming companies, for US$1.8 billion. (US$1 = RM4.290)
Peak brings a 100-person strong team and two Forever Franchises, Toon Blast and Toy Blast, that have consistently ranked in the top 10 and top 20 United States iPhone grossing games for over two years, respectively.
These franchises add significant scale to Zynga’s live services and will be an additional driver of margin expansion over the coming years. Peak also enhances Zynga’s new game pipeline with additional projects in early development.
Founded in 2010 by Sidar Sahin, Peak has developed the beloved game franchises Toon Blast and Toy Blast, according to a statement.
“We are honoured to welcome Sidar and team to Zynga. Peak is one of the world’s best puzzle game makers and we could not be more excited to add such creative and passionate talent to our company,” said Zynga Chief Executive Officer, Frank Gibeau.
Zynga will acquire 100 per cent of Peak for US$1.8 billion, comprising approximately US$900 million in cash and approximately US$900 million in Zynga common stock (issued at the volume-weighted average closing price per share over the 30-day trading period ended May 29)
The final upfront transaction consideration will also include customary closing adjustments, and the transaction is expected to close in the third quarter of 2020.
More details at www.zynga.com.
-- BERNAMA
No comments:
Post a Comment