Zynga Inc., an international leader in interactive entertainment, today, announced a definitive $1.8 billion deal to acquire Peak, one of the world’s leading mobile gaming companies.
Peak brings a large team of 100 people and two Forever Franchises, Toon Blast, and Toy Blast, which have been ranked consistently in the top twenty U.S. iPhone grossing games for two years.
These franchises add to Zynga’s live services a significant dimension and will drive further expansion in the years to come. Peak also improves Zynga ‘s new early development game pipeline with further projects.
Zynga will acquire 100% of the Peak at $1.8 billion, consisting of around $900 million in cash and approximately $900 million in stock. Customary closing changes will also be part of the final initial deal review, with the agreement scheduled to close in the third quarter of 2020.
“We are honored to welcome Sidar and team to Zynga. Peak is one of the world’s best puzzle game makers and we could not be more excited to add such creative and passionate talent to our company,” said Frank Gibeau, Chief Executive Officer of Zynga. “With the addition of Toon Blast and Toy Blast, we are expanding our live services portfolio to eight forever franchises, meaningfully increasing our global audience base and adding to our exciting new game pipeline. As a combined team, we are well-positioned to grow faster together.”
“This is a monumental partnership not only for Zynga and Peak, but for the whole mobile gaming industry,” said Sidar Sahin, founder and Chief Executive Officer of Peak. “Both companies share a common vision — to bring people together through games. Peak’s culture is rooted in relentless learning and progress, so as we embark on this new chapter in our journey together with Zynga, we remain as committed as ever to our unique culture. We’re very excited for our combined future and what we will accomplish together.”
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