Mobile games will now account for half of its net bookings.
Gaming giant Take-Two has announced it decided to dive into mobile gaming by acquiring Zynga for approximately $12.7 billion. In case you are not familiar with the company, Take-Two also owns Rockstar Games, Codemasters, and 2K, publishing Grand Theft Auto, Red Dead Redemption, Bioshock, and other huge titles.
Take-Two noted they expect the deal to result in $6.1 billion worth of 12-month pro-forma net bookings, "This strategic combination brings together our best-in-class console and PC franchises, with a market-leading, diversified mobile publishing platform that has a rich history of innovation and creativity," said Take-Two Chairman and CEO Strauss Zelnick.
Take-Two also noted that the mobile industry generated $136 billion in 2021 and is currently growing at over 8 percent, so they expect new cash streams. Mobile is said to now account for half of its net bookings.
Also, Don't forget to join our new Reddit page, our new Telegram channel, follow us on Instagram and Twitter, where we are sharing breakdowns, the latest news, awesome artworks, and more.