Zynga to Buy Peak Games for $1.8B

Jannie Delucca

Social-gaming business Zynga has entered into an arrangement to acquire Peak Game titles for $1.eight billion, the corporations explained.

The deal for Peak, a cellular-gaming business based mostly in Istanbul, will include $900 million in money and close to $900 million of Zynga frequent stock based mostly on the quantity-weighted ordinary closing value for every share over the thirty-day buying and selling interval ended May well 29, 2020.

The deal is the most significant at any time get started-up acquisition in Turkey and the initial valued at far more than $1 billion.

“The worldwide stance that Peak has is really complementary to what we’re performing at Zynga,” Zynga chief govt officer Frank Gibeau explained in an trader connect with. “The bulk of their business internationally outside the house the U.S. arrives from Japan, which is a strategic cellular market place for our business and our marketplace.”

Zynga explained it believes

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