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Take-Two's $12.7 billion purchase of Zynga is complete

'Words with Friends' and 'FarmVille' now belong to Take-Two.

SAN FRANCISCO, CALIFORNIA - JANUARY 10: In an aerial view, a sign in posted in front of the Zynga headquarters on January 10, 2022 in San Francisco, California. Take-Two Interactive, maker of the Grand Theft Auto video game, announced plans to purchase mobile gaming company Zynga for $12.7 billion. Zynga is the maker of the popular video game FarmVille. (Photo by Justin Sullivan/Getty Images)
Justin Sullivan via Getty Images
Kris Holt
Kris Holt|@krisholt|May 23, 2022 11:15 AM

One of the biggest takeovers in the history of the gaming industry is complete — Take-Two now owns Zynga. The companies announced the $12.7 billion acquisition in January. The two sides have cut through all the red tape and, after shareholders gave the thumbs up last week, the deal is done.

Zynga has joined the likes of Rockstar Games and 2K under Take-Two's umbrella. As s result of the deal, Take-Two now has a bigger stable of well-known mobile and casual gaming franchises, including Words with Friends and Farmville. Among the games Zynga is working on is Star Wars: Hunters, a free-to-play arena shooter for mobile and Nintendo Switch that's supposed to arrive this year.

“As we bring together our exceptional talent, exciting pipelines of games, and industry-leading technologies and capabilities, we believe that we can take our portfolio to another level of creativity, innovation, and quality," Take-Two chairman and CEO Strauss Zelnick said in a statement. "Each of our teams has a strong history of operational execution, and together, we expect that we will enhance our financial profile through greater scale and profitability, paving the way for us to deliver strong shareholder value.”

Take-Two's buyout of Zynga is part of a major wave of consolidation across the gaming industry. In January, Sony announced it was buying Destiny 2 studio Bungie for $3.6 billion. That news came just days after Microsoft said it planned to buy Activision Blizzard for $68.7 billion. Both takeovers are pending regulatory approval. Activision Blizzard shareholders voted in favor of the Microsoft deal last month.

Take-Two's $12.7 billion purchase of Zynga is complete