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[cormack12]

Source: https://www.reuters.com/markets/dea...a-an-enterprise-value-127-billion-2022-01-10/

Video game maker Take-Two Interactive Software Inc (TTWO.O) will acquire mobile game maker Zynga Inc in a cash-and-stock deal at an enterprise value of nearly $12.7 billion, the companies said on Monday.

Take-Two said it would acquire all the outstanding shares of Zynga at $9.86 per share. Shares of Zynga rose 40.2% to $8.89 in trading before the bell on Monday.

The price represents a premium of 64.4% to Zynga's last close. The equity value of the deal is $11.04 billion, according to Reuters calculations.

The deal is expected to close by the end of June.

Creates one of the largest publicly traded interactive entertainment companies in the world, with $6.1 billion in trailing twelve-month pro-forma Net Bookings for the period ended September 30, 2021

Transaction expected to deliver approximately $100 million of annual cost synergies within the first two years after closing, and more than $500 million of annual Net Bookings opportunities over time.

 

[cormack12]

First MS now Zynga who have their fortunes change when the jinx leaves

 

[DGrayson]

Man imagine if they bring back Mafia Wars??

 

[oldergamer]

First MS now Zynga who have their fortunes change when the jinx leaves

I thought mattrick left zynga years ago?

 

[oldergamer]

This should revive natural motion for rockstar games

 

[Banjo64]

FarmVille GTA crossover when?

 

[Orta]

Never heard of Farmville, never heard if its developers.

I'm really losing touch with todays gaming industry.

 

[lh032]

GTA 6 mobile game/web based game/metaverse game confirmed.

 

[cormack12]

I thought mattrick left zynga years ago?

Left MS in 2013, took them 7 years to get the Xbox Series out
Left Zynga in 2015, 6 years later major buyout

"Zynga's shares jumped 10.4 percent on the day the news was made public and another 5.9 percent in after-hours trading following the official announcement. On his first quarterly financial earnings call with Zynga, on July 25, 2013, Mattrick predicted volatility for the company over the coming 6 months to one year, stating a need to "get back to basics" and "take a longer term view on our products and business."

"By 2015, Zynga was struggling to make the intended gains in the mobile market and had seen its share prices fall. On April 8, 2015, it was announced that Mattrick had resigned as Zynga's CEO, "effective immediately"


I'm sure this is so we can actually get GTA:SA HD, Remastered Enhanced Edition done properly

 

[Bernd Lauert]

Never heard of Farmville, never heard if its developers.

I'm really losing touch with todays gaming industry.

The average Farmville player is a 45 year old woman. Or something like that.

 

[Soodanim]

Man imagine if they bring back Mafia Wars??

That was peak Facebook. What a time. Zynga were busy people back then.

But what do Zynga do now? The last time I heard of them was when I had to go through their site to delete my account, which was a while back now.

 

[AV]

Pretty huge. If anyone wondered where that GTA Online money was going, here you are.

Never heard of Farmville, never heard if its developers.

I'm really losing touch with todays gaming industry.

Farmville hype was 12 years ago but still has active whales. Zynga make an assload of mobile and Facebook games, I wouldn't even put them in the same breath as "gaming industry", but as a business they're huge.

 

[lostinblue]

Zynga to develop the next Carnival Games as free to play.

Farmville hype was 12 years ago but still has active whales. Zynga make an assload of mobile and Facebook games, I wouldn't even put them in the same breath as "gaming industry", but as a business they're huge.

They are, but so is pachinko (thinking about Konami).

If this is a gold rush it's bad news for the rest of their business.

 

[Sosokrates]

 

[ChuckeRearmed]

64% premium is crazy. Guess they wanted to ward off competitors

 

[SaturnSaturn]

Never heard of Farmville, never heard if its developers.

I'm really losing touch with todays gaming industry.

Did you not use facebook 10-13 years ago? It was everywhere

 

[Jmac71]

 

[Kokoloko85]

Thats more then Star Wars and Minecraft money put together and then some….

That money could of been spent on taking games to the next level… what a waste of GTAV money and lack of GTA6

 

[Kilau]

Joke is on the shareholders, they’re getting paid in Shark cards.

 

[Badlucktroll]

Why doesn't someone fucking buy Konami and bring those IPs back into circulation as AAA games.

 

[BigBooper]

Can't imagine what the point is when they're paying so much over premium. Must have some big metaverse ideas.

 

[isoRhythm]

Source: https://www.reuters.com/markets/dea...a-an-enterprise-value-127-billion-2022-01-10/

 

[Kagey K]

That’s 1.66 Bethesdas.

Christ.

 

[ChuckeRearmed]

Why doesn't someone fucking buy Konami and bought those IPs back into circulation as AAA games.

Because aside IPs Konami has nothing else useful? What they have is medical equipment for example Konami is a holding basically.

 

[kyliethicc]

sad

 

[TLZ]

FarmVille GTA crossover when?

 

[Deerock71]

I must be truly ignorant of how big Farmville is. All I know about it is I've heard of it.

 

[ethomaz]

Is Framville a thing yet? I mean it was in 20xx (my mon, girlfriend, friends, etc etc all played it) when I was in the university lol
After that I never head again about it.

 

[STARSBarry]

I suspect this not because they want to make a new farmville, what they want is the expertise from the developers who know how to create a game that consistantly seperates people from their money as they play.

They will be thinking about how they can get people to pay for fuel in GTA Online with real money etc, perhaps how to help get an existing franchise on mobile with excessive pay walling but still have it be popular.

 

[ToTTenTranz]

I didn't know TakeTwo was worth more than $12B, let alone buy another company worth $12B.

 

[Draugoth]

Not really interested in this acquisition but that is nearly double of what Microsoft paid for Bethesda

 

[Roufianos]

Fuelled by GTA Online and nickle and diming NBA players no doubt. Fuck off Take 2.

 

[Stuart360]

Pretty funny after there was so much 'concern' shown for a trillion dollar company like Microsoft buying Bethesda, and then fucking Take Two just go and spend double on Zynga.

 

[ReBurn]

I didn't know TakeTwo was worth more than $12B, let alone buy another company worth $12B.

It has a market cap of $18.98B. Most of this deal is equity, not cash. Almost certainly Take Two is issuing new shares against the value of their market cap to trade for Zynga shares.

 

[Three]

Take Two got a good taste of that microtransactions money from GTA online.

 

[Unknown?]

Never heard of Farmville, never heard if its developers.

I'm really losing touch with todays gaming industry.

Not missing much, it's a Facebook game.

 

[AJUMP23]

Maybe they were watching The Big Bang theory, and misheard the word "Bazinga" as "Buy-Zynga", and acted upon the laugh track.

 

[kyoji]

Pretty funny after there was so much 'concern' shown for a trillion dollar company like Microsoft buying Bethesda, and then fucking Take Two just go and spend double on Zynga.

I think whats most funny about this is people think only MS is capable of making these type purchases.. clearly this isnt the case, as most of us knew already.

 

[jakinov]

Never heard of Farmville, never heard if its developers.

I'm really losing touch with todays gaming industry.

Farmville was a cultural phenonmon years ago. Not really a "hardcore gaming" kind of thing. It's become a part of pop culture where you'll get people refering to it directly or refering to playing a farm game.

Why doesn't someone fucking buy Konami and bring those IPs back into circulation as AAA games.

If you are going to buy Konami for the price they are at. The values comes from whatever those machines are called.

 

[SkylineRKR]

I heard of FarmVille before, it was a bit of a hype a decade ago. I thought it and Zynga were long buried though.

 

[TrueLegend]

wtf is the norm now

 

[isual]

i know my mom played the heck out of farmvillle. what the heck happened to all these games on FB? seems like you can't even play them anymore?

 

[Lt.Calley]

how will this affect GTA?

 

[anthony2690]

how will this affect GTA?

Mafia wars GTA edition
&
Red Dead Farmville :')

 

[mejin]

Damn, that's expensive af.

 

[Buggy Loop]

Makes Bethesda’s buyout look like a goddamn fire sale.

 

[Ps5ProFoSho]

Farmville 4K 60fps. YAAASS
No but really I hope consoles get a good online poker game so I can ruin my life gambling

 

[Badlucktroll]

Farmville was a cultural phenonmon years ago. Not really a "hardcore gaming" kind of thing. It's become a part of pop culture where you'll get people refering to it directly or refering to playing a farm game.


If you are going to buy Konami for the price they are at. The values comes from whatever those machines are called.

Konami Group Market Cap Trends | YCharts

In depth view into Konami Group Market Cap including historical data from 2009, charts and stats.

ycharts.com

6.57 Billion

 

[hybrid_birth]

how will this affect GTA?

Expect a GTA expansion where you farm with hoes.

 

[jakinov]

Konami Group Market Cap Trends | YCharts

In depth view into Konami Group Market Cap including historical data from 2009, charts and stats.

ycharts.com

6.57 Billion

Not sure what point you are trying to make. I'm trying to say people aren't going to apy so much money for Konami for their AAA gaming side.