![]() ![]() "We are honoured to welcome Sidar and team to Zynga. ![]() We're very excited for our combined future and what we will accomplish together." 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. "Both companies share a common vision – to bring people together through games. "This is a monumental partnership not only for Zynga and Peak but for the whole mobile gaming industry," said Peak CEO and founder Sidar Sahin. Peak will maintain its unique culture and continue to hold its brand identity. The two games will expand Zynga's "forever franchise" total to eight, and is believed to increase the number of daily users the company sees by 60 per cent. The Istanbul-based studio has created hit game franchises such as Toon Blast and Toy Blast, with a focus on the match-3 genre. ![]() The deal is expected to close in the third quarter of 2020. Īpproximately $900 million will be given in cash while the other $900 million will be given as Zynga common stock shares. Original Story: Zynga is set to acquire Peak Gamesin an agreement worth $1.8 billion. As a result of the purchase, Zynga expects to update its full year guidance when reporting its Q2 2020 financials on August 5th 2020. Update: Zynga has now closed its acquisition of Peak Games for a total purchase price of around $1.85 billion, comprised of approximately equal parts cash and Zynga common stock. ![]()
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