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Zynga to buy Turkish mobile-game maker Peak for $1.8 billion: Bloomberg News

Published 2020-06-01, 07:02 a/m
© Reuters. The corporate logo of Zynga Inc, the social network game development company, is shown at its headquarters in San Francisco
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(Reuters) - Zynga Inc (O:ZNGA) has agreed to buy Turkish mobile-game maker Peak for $1.8 billion, Bloomberg News reported on Monday, citing Chief Executive Officer Frank Gibeau.

The deal, slated to be Zynga's biggest yet, will comprise $900 million in cash and $900 million in stock, and will be completed in the third quarter, Gibeau said in an interview, Bloomberg reported.

Zynga did not immediately respond to a Reuters request for comment.

© Reuters. The corporate logo of Zynga Inc, the social network game development company, is shown at its headquarters in San Francisco

The company, once known for its Facebook-based desktop games such as "FarmVille", has been focusing on mobile-centric games and acquisitions of smaller studios such as Gram Games, Small Giant Games and the card and board games studio of Peak Games to fuel growth.

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