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| Zynga Closes Transformational Acquisition of Istanbul-based Peak; Expands Forever Franchise Portfolio with Toon Blast and Toy Blast (Graphic: Business Wire) |
· Zynga Completes Acquisition of Peak Effective as of July 1, 2020
· Peak will Maintain Their Unique Creative Culture and Brand Identity
· Zynga to Update Full Year 2020 Guidance when Reporting Q2 2020 Financial Results on August 5, 2020
SAN FRANCISCO, July 3 (Bernama-BUSINESS WIRE) -- Zynga Inc. (Nasdaq: ZNGA), a global leader in interactive entertainment, and Peak, Istanbul-based creator of Toon Blast and Toy Blast, announced today that the companies have closed the transaction under which Zynga acquired all of the issued and outstanding common shares of Peak for a total purchase price of approximately $1.85 billion comprised approximately of equal contributions of cash and Zynga common stock. Peak brings to Zynga a renowned, talented team and two forever franchises, Toon Blast and Toy Blast, that have consistently ranked within the top 10 and top 20 U.S. iPhone grossing games for the past two years, respectively.
ZYNGA CLOSES TRANSFORMATIONAL ACQUISITION OF ISTANBUL-BASED PEAK; EXPANDS FOREVER FRANCHISE PORTFOLIO WITH TOON BLAST AND TOY BLAST
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