Take-Two Interactive is expected to acquire Zynga by 2023
In March 2022, Take-Two Interactive Software Inc. (Take-Two Interactive) released an announcement that stated that the company is set to purchase Zynga, a video game developer. The acquisition is expected to close by the start of 2023, pending regulatory approval. With Zynga’s prominence in the mobile game market, this acquisition would dramatically expand Take-Two Interactive’s product portfolio beyond some of its leading game series, such as Grand Theft Auto and NBA 2K. The acquisition is also one of the largest in video game history, further propelling the company as a leader in the industry.
M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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