Take-Two pays up for Zynga in a late bid for mobile gaming


Take-Two Interactive, maker of the ‘Grand Theft Auto’ video game, announced plans to purchase mobile gaming company Zynga, the maker of the popular video game ‘FarmVille’. — AFP

The rationale behind Take-Two Interactive Inc’s US$11bil (RM46.14bil) purchase of Zynga Inc can be summed up in two words: GTA Mobile.

Grand Theft Auto V, developed and published by Take-Two subsidiary Rockstar Games, is one of the most successful video games of all time, selling more than 155 million copies since its release in 2013. But it could be even bigger. Unlike competitors such as Roblox and Fortnite, GTA V is only available on computers and consoles, limiting its potential user base at a time when smartphones are increasingly expanding the audience for video games.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
   

Next In Tech News

Japan startup develops 'Gundam'-like robot with $3 million price tag
Meta technology chief defends tech titan's AI strategy
Apple says it will fix software problems blamed for making iPhone 15 models too hot to handle
Drone racing: Speed, skills and high-tech thrills
Books and plants make you look good on Zoom, British research shows
BMW to offer highly automated driving from the end of the year
Preview: Killing goblins with the help of Pawns in ‘Dragons’ Dogma II’
Review: 'The Cursed Crew' for PC/console – Dead pirates go on a treasure hunt
Apple identifies issues causing overheating in the iPhone 15
Your ‘karma’ can make you money on Reddit

Others Also Read