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Take-Two Interactive, the publisher of the Grand Theft Auto and Red Dead Redemption series, has announced today it acquired developer Zynga, most well-known for FarmVille and Words with Friends. Take-Two has purchased the Zynga stock at a 64% premium, for a deal worth approximately $12.7 billion, the largest in the history of the videogame industry. Take-Two will acquire Zynga's portfolio of mobile games, and merge its mobile division into Zynga, which will be lead by Zynga CEO Frank Gibeau and president of publishing Bernard Kim.

"We are thrilled to announce our transformative transaction with Zynga, which significantly diversifies our business and establishes our leadership position in mobile, the fastest growing segment of the interactive entertainment industry," said Take-Two CEO and chairman Strauss Zelnick.

Source

 

[TheTrueDream42]

Hopefully that means we'll get some decent games on mobile. But probably not.

Still, the fact that they're looking at making that money back in about 4-5 years is just mind boggling.

 

[Caleck]

Now we'll get GTA Online: Mobile Edition!

You'll have a daily mission limit and will need to pay 5 loaves to get more!

 

[jornthree]

Seems like T2 is trying everything in their power to be a carbon copy of Activision. Is bobby kock on their board of directors or something