Zynga will purchase Istanbul-based game developer Peak for $1.8 billion, marking the largest acquisition in the company’s history
Zynga will purchase Istanbul-based game developer Peak for $1.8 billion, marking the largest acquisition in Zynga’s history.
In a press release, Zynga officials said the deal would be financed by $900 million in cash and $900 million in stock. Zynga had already bought Peak’s casual card game studio in 2017 for $100 million.
The new deal is the latest sign of Zynga’s resurgence. After several shaky years following its 2011 IPO, the company has reversed its fortunes, thanks to a combination of in-house game development and strategic acquisitions.
