GTA Publisher Take-Two Buys Farmville Giant Zynga For $12.7B

Great, more garbage coming from Take-Two then

How long before GTA Online mobile edition?

Zynga is not a name I expected to hear in the year 2022.

This made my day, had a good laugh because of it.

Really nice to see another company making themselves so big that they can do exactly what they like.

Only one Zynga I like and that's not how you spell it.

Now I want a KFC...

That’s quite the premium they’re paying on Zynga’s market valuation. Bizarrely expensive.

Right, because the first thing I think of when I think GTA is a farming simulator.

But is anyone honestly taking TT seriously these days, anyway?

So after Grove Street Games, a mobile game developer, completely bungled the release of GTA Trilogy Definitive Edition, Take Two decided to...buy an entire mobile going publisher?

I guess it's cool that some Take Two properties can now be available to mobile players (though I'm pretty sure IPs such as GTA and NBA 2K already have mobile iterations), but this is not a purchase worth $12+ billion.

Oh great, the next thing you know, there will be a mobile cash grab game called Grand Theft FarmVille. 🤨

@nessisonett I mean, there's always market valuation and then there's money you need to pay in order to convince someone to let them buy your company. I think that's how those premiums come to be and surely there's other factors at play as well.

@nessisonett I'm not particularly knowledgeable about how acquisitions work, but that big number seems like it's partly just the value of shares, and they're also paying partly in T2 shares, which are probably worth a lot. Also, inflation? idk

i hope they lose a lot of money with this

We're thrilled to find new ways to exploit people.

Now that it's going mobile, gta v/online will never die.

Surprised Zigna was worth so much but then again I don't play mobile games.

@KateGray No, this is still incredibly inflated. The market clearly doesn’t agree with the valuation, shares are already slumping roughly $1.20 below what Take-Two paid. FarmVille and Words with Friends aren’t pulling the money they used to, making me wonder what exactly they’re wanting from Zynga that would justify the price. Unless Zynga’s CEO banging on about crypto all the time is because they’ve been working on some NFT hellscape that Take-Two want for themselves.

And nothing of value was gained

Only a matter of time before TenCent owns everything anyway and every game is made to appease China.

Don’t let yourself get beaten, Microsoft!! 😂

They deserve each other.

Like they always say, greed has no boundaries 🙄🙄

@nessisonett it is a bizarrely high amount. I could buy, like, 15 giant Pikachu plushies for that

I thought Zynga had shut down... I don't recall the last time a game they put out made waves.

@link3710 Wouldn't be surprised if that did happen soon.

Got all that money & still released something as half arsed as the GTA 'definitive' trilogy

C'mon guys don't act like this is the first time you see Take-Two owning garbage IP. They had been buying up garbage IP for years now. This just them snatching up more garbage for their catalog.

One trash company buys another trash company. I can't say I'm very upset about this. Or have any feelings at all.

15 or so years later, does anybody still care about your effin' farm?

@Kiyata Grand Theft Equestrian is something I don't think has been done before.
I know I've been knocked off a horse but it is probably fitting I don't remember if it kicked me afterwards. They're scary creatures!

@ManaOwls Around 2007 they made games on Facebook which would spam your friends about everything you did in the games.

@nessisonett that’s what I thought. Seems massively overvalued imo especially when compared to MS’s Bethesda acquisition…

Sooooooooooo....Farmville: GTA Edition is coming soon, then?

Christ allmighty that's a large sum.

That's crazy. 😱 Also, I didn't know Farmville shut down. Why? Wasn't it popular still?

I mean they both love money, so it's a perfect match.

Also jeez, $12 billion dollars for the creator of Words with Friends? That feels wrong.

Yeah….no idea why Take Two would be willing to pay that much for Zynga. When Microsoft bought Minecraft and later Bethesdia that made sense for the long run at least

So Take Two paid more for this mobile game developer than Microsoft paid for Bethesda?

Jesus they got jipped hard.

Take Two need to take a knee after that.

Ahhh I miss the days of FarmVille and the underrated Yoville that no one seems to talk about. Sad these games won’t ever be what they used to be.

@Specter_of-the_OLED
That thing is always on the eshop discounts page. Not sure how good it is.

@CharlieGirl I didn't know they even existed anymore.

How can they be worth more than Zenimax/Bethesda?

Just think, now Farmville equines will have properly animated testes....

Why would anyone pay over value for a half dead has been mobile company though? What asset do they offer 2k? And why is 2k suddenly trying to switch to mobile first?

Looking forward to the synergies.

@UltimateOtaku91 So you've now converted to being useless? Lol

Honestly thought that these two companies split up in the past.

@KateGray Zynga has over 168M monthly users, and revenue last quarter of $706M. The mobile game sector is said to be worth $100B in 2022. So Take-Two are now set-up to make mobile versions of their numerous IPs to take advantage of this massive gaming sector

Basically, mobile versions of games generate bank, and this’ll probably look like a bargain in two years’ time

@JustMonika Hey, I know some great water tricks 😂

How is it worth this much when literally their only game anyone knows doesn't even exist anymore?

@UltimateOtaku91 Trying to steal my heart huh? 😆

@KateGray I’m so used to your excellent double meaning titles it took me a minute to realize that “record breaking” didn’t have another layer haha

How much will they pay for Candy Crush?