:Take-Two Interactive said on Monday it would buy Zynga for US$11.04 billion in a deal that will bring the smash-hit video game"Grand Theft Auto" and mobile-friendly"FarmVille" under one roof as demand for affordable on-the-go gaming surges.
"It's a bombshell deal ... Zynga was on the list of potential M&A transactions for a long time in the video game business," said Serkan Toto, CEO of videogame consulting firm Kantan Games. The mobile gaming sector is expected to reach a market size of US$116.4 billion by 2024, growing at a compound annual growth rate of 11.2per cent from 2019 to 2024, according to gaming market data firm Newzoo.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Take-Two to buy FarmVille maker Zynga in deal valued at US$12.7 billionVideo game maker Take-Two Interactive Software Inc will acquire mobile game maker Zynga Inc in a cash-and-stock deal at an enterprise value of nearly US$12.7 billion, the companies said on Monday. Take-Two said it would acquire all the outstanding shares of Zynga at US$9.86 per share. Shares of Zynga rose
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Take-Two to acquire Zynga at an enterprise value of US$12.7 billionVideo game maker Take-Two Interactive Software Inc will acquire mobile game maker Zynga Inc in a cash and stock deal at an enterprise value of nearly US$12.7 billion. (Reporting by Nivedita Balu in Bengaluru; Editing by Aditya Soni)
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US troops in Japan to stay on-base for two weeks after Covid-19 spread
Source: STForeignDesk - 🏆 4. / 71 Read more »
Newcastle's Wilson out for two months due to calf injuryNewcastle United striker Callum Wilson will be out of action for eight weeks after sustaining a calf injury last week, the Premier League club said on Saturday.Wilson picked up the injury in the 1-1 league draw with Manchester United at home on Dec. 27. 'Eddie Howe has confirmed that Callum Wilson
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Freiburg squander two-goal lead to draw 2-2 with ArminiaFREIBURG, Germany : Freiburg squandered a two-goal lead and conceded an 87th-minute equaliser to draw 2-2 with visitors Arminia Bielefeld on Saturday and drop to fourth place as the Bundesliga resumed after a three-week winter break.Bryan Lasme slotted in from a difficult angle three minutes from the end
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China population: forget two or three kids, getting couples to have the first one is most pressing problem, advisers sayWith one of China's most populous provinces saying its birth rate has plunged to a more than four-decade low, Beijing's policy advisers are warning against the potential pitfalls of not doing enough to encourage couples to have a first child. Henan province, the country's third-most-populous administrative region, with 99.36 million people, has reported that its number of newborns fell to 920,000 last year - a 23.3 per cent decline from 2019 - as the birth rate dropped to 9.24 births per 1,000 p
Source: YahooSG - 🏆 3. / 71 Read more »