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GTA parent company Take-Two acquires FarmVille maker Zynga for $12.7 billion

That was a massive check to write.

Take-Two Interactive is bringing mobile gaming company Zynga into the fold.

The acquisition is worth $12.7 billion and the company is buying the FarmVille developer with both cash and stock.

Cover image for YouTube videoBring your farm to life - FarmVille 3 Launch Trailer

It was announced the company would buy all shares of Zynga at $9.86 apiece which caused Zynga stock to surge 40% and Take-Two's to decline by 13%.

This combination unifies two rather large interactive entertainment companies, as both have created and expanded popular franchises. Take-Two’s labels are well-known, while Zynga’s portfolio includes popular mobile titles such as FarmVille, Golf Rival, Harry Potter: Puzzles & Spells, Words With Friends, and Zynga Poker among others.

Zynga recently released FarmVille 3, the third outing since the franchise's initial release in 2009. The first game was originally released on Facebook and was a huge success with social media users.

“We are thrilled to announce our transformative transaction with Zynga, which significantly diversifies our business and establishes our leadership position in mobile, the fastest-growing segment of the interactive entertainment industry,” said Strauss Zelnick, Chairman, and CEO of Take-Two.

“This strategic combination brings together our best-in-class console and PC franchises, with a market-leading, diversified mobile publishing platform that has a rich history of innovation and creativity. Zynga also has a highly talented and deeply experienced team, and we look forward to welcoming them into the Take-Two family in the coming months.

Take-Two said it expects the deal to help in the creation of new mobile games for many of the iconic franchises within the company's portfolio as well as new cross-platform experiences for many of these properties. Zynga’s nearly 3,000 employees will help pave the way for Take-Two to "accelerate this strategic initiative" and introduce its intellectual properties across mobile, which it calls the "fastest-growing platform in the industry."

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Stephany Nunneley-Jackson

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Stephany is VG247’s News Editor, with 22 years experience (with 15 of them at VG247). With a brain that lacks adhesive ducks, the ill-tempered, chaotic neutral fembot does her best to bring you the most interesting gaming news. She is also unofficially the site’s Lord of the Rings/Elder Scrolls Editor.