KUALA LUMPUR, Aug 6 -- Zynga Inc, a global leader in interactive entertainment will acquire Istanbul-based Rollic, a mobile games developer and publisher with a portfolio of popular hyper-casual games downloaded more than 250 million times.
With this acquisition, Zynga enters the hyper-casual market – one of the largest and fastest growing gaming categories on mobile – and adds a highly talented team and an extensive network of external developers.
Zynga will acquire 80 per cent of Rollic for US$168 million in cash. The final upfront transaction consideration will also include customary closing adjustments and is expected to close on Oct 1. (US$1=RM4.211)
Over the next three years, Zynga will acquire the remaining 20 per cent in equal installments at valuations based on specific profitability goals.
“With Rollic, we are meaningfully growing our audience, expanding and diversifying our global advertising business, and adding to our game pipeline and developer network. Zynga and Rollic are well-positioned to grow faster together,” said Zynga Chief Executive Officer (CEO), Frank Gibeau in a statement.
“With Rollic’s robust slate of existing and new hyper-casual games joining Zynga’s portfolio, we look forward to advancing our collective mission to connect the world through games,” said Rollic founder and CEO, Burak Vardal.
-- BERNAMA
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