Take-Two and Zynga will merge on May 23 in one of the biggest financial deals in the history of the gaming industry.
The shareholders of each confirmed all the proposals related to the merger of the companies.
Zynga shares will delist after the market closes in January, Rockstar’s parent company Take-Two revealed plans to buy Zynga in a $12.7 billion deal.
It will be the largest acquisition completed in the history of the games industry, though it will be dwarfed by Microsoft’s planned $68.7 billion acquisition of Activision Blizzard, a deal the Xbox maker said this week is moving relatively quickly. .
Starting Monday, Take-Two’s blockbuster console and PC franchises like Grand Theft Auto, Borderlands, NBA 2K and BioShock will come under the same roof as Zynga’s hugely popular social gaming brands, including FarmVille and Words With Friends.
The importance of the agreement for Take-Two
Take-Two CEO Strauss Zelnick has said Zynga’s expertise could help it push its cross-platform, free-to-play ambitions, and bring its console and PC properties to mobile.
“We believe our combination with Zynga will be transformative for our company as we build a powerful and diverse portfolio of industry-leading titles while becoming a leader in mobile gaming.”
dijo Zelnick.
Zynga CEO Frank Gibeau added:
“We’re excited to be one step closer to combining Zynga’s free-to-play experience and next-generation mobile platform with best-in-class capabilities and Take-Two’s renowned intellectual properties.”
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