Take-Two Interactive to Acquire Zynga

Take-Two Interactive to Acquire Gearbox Entertainment for $460 Million

March 29, 2024

Media & Entertainment

Take-Two Interactive Software entered into a definitive agreement with Embracer Group to acquire The Gearbox Entertainment Company for $460 million. The deal consideration will be entirely newly issued Take-Two common stock, and Gearbox will operate as a studio within 2K and be led by founder and CEO Randy Pitchford.

Take-Two Interactive Acquires Playdots

August 18, 2020

Software

Take-Two Interactive has entered into a definitive agreement to acquire mobile games developer Playdots for $192 million, comprised of $90 million in cash and the remainder in newly issued Take-Two common stock. Playdots, a New York City–based studio known for Two Dots and other casual free-to-play titles, will remain led by CEO Nir Efrat and its ~70 employees following the closing, expected in Q3 2020.

Take-Two Interactive Acquires Dynamixyz

July 1, 2021

Software

Take-Two Interactive Software has acquired Dynamixyz, a France-based developer of video-based facial animation, motion capture, and 3D processing tools. Dynamixyz will operate as a division of Take-Two and work exclusively with Take-Two's publishing labels and studios; financial terms were not disclosed.

Microsoft to Acquire Activision Blizzard

January 18, 2022

Software

Microsoft announced plans to acquire Activision Blizzard in an all-cash transaction valued at $68.7 billion, or $95.00 per share. The deal is expected to close in Microsoft’s fiscal year 2023, subject to regulatory approvals and Activision Blizzard shareholder approval.

Netflix to Acquire Next Games for ~€65 Million

March 2, 2022

Media & Entertainment

Netflix entered into a combination agreement to acquire mobile game developer Next Games via a tender offer for all issued and outstanding shares. Next Games shareholders will receive €2.10 in cash per share, valuing the transaction’s equity at approximately €65 million, with the deal expected to close in Q2 2022 subject to customary conditions.

Electronic Arts Acquires Glu Mobile

February 8, 2021

Software

Electronic Arts Inc. agreed to acquire Glu Mobile Inc. in a cash transaction valuing Glu at $2.1 billion enterprise value (approximately $12.50 per share, $2.4 billion equity value). The acquisition is intended to accelerate EA's mobile business by adding Glu's portfolio of live-service mobile games, talent and recurring-revenue franchises and is expected to be immediately accretive to EA's net bookings.