(In millions, except per share data, unaudited)
#Toon blast teams update
This update does not include any contributions from Peak, as the transaction is subject to customary closing conditions and is anticipated to close in the third quarter of 2020.
#Toon blast teams full
Key art and broadcast assets available for use at the following link: īased on strength across its live services portfolio, Zynga is updating its Q2 and Full Year 2020 financial guidance. The final upfront transaction consideration will also include customary closing adjustments, and the transaction is expected to close in the third quarter of 2020. Zynga will acquire 100% of Peak for $1.8 billion, comprised of approximately $900 million in cash and approximately $900 million of Zynga common stock (issued at the volume-weighted average closing price per share over the thirty-day trading period ended May 29, 2020). We’re very excited for our combined future and what we will accomplish together.” Peak’s culture is rooted in relentless learning and progress, so as we embark on this new chapter in our journey together with Zynga, we remain as committed as ever to our unique culture. “Both companies share a common vision - to bring people together through games. “This is a monumental partnership not only for Zynga and Peak, but for the whole mobile gaming industry,” said Sidar Sahin, founder and Chief Executive Officer of Peak. As a combined team, we are well positioned to grow faster together.” “With the addition of Toon Blast and Toy Blast, we are expanding our live services portfolio to eight forever franchises, meaningfully increasing our global audience base and adding to our exciting new game pipeline. Peak is one of the world’s best puzzle game makers and we could not be more excited to add such creative and passionate talent to our company,” said Frank Gibeau, Chief Executive Officer of Zynga.
“We are honored to welcome Sidar and team to Zynga. Peak is expected to grow Zynga’s average mobile DAUs by more than 60% while strengthening Zynga’s international audience. Collectively, Toon Blast and Toy Blast have more than 12 million average mobile DAUs. Known for their innovation, creativity and exquisite design, Toon Blast and Toy Blast popularized the ‘collapse’ mechanic within match-3 puzzle games, and have captured a highly engaged global audience base that ranks among the industry’s best in player retention. Zynga Enters Into Agreement to Acquire Istanbul-based Peak, Creator of Top Charting Mobile Franchises Toon Blast and Toy Blast (Graphic: Business Wire)įounded in 2010 by Sidar Sahin, Peak has developed the beloved game franchises Toon Blast and Toy Blast. Peak also enhances Zynga’s new game pipeline with additional projects in early development.
#Toon blast teams driver
These franchises add significant scale to Zynga’s live services and will be an additional driver of margin expansion over the coming years. iPhone grossing games for over two years, respectively. Peak brings a 100-person strong team and two Forever Franchises, Toon Blast and Toy Blast, that have consistently ranked in the top 10 and top 20 U.S. (Nasdaq: ZNGA), a global leader in interactive entertainment, today announced it has entered into a definitive agreement to acquire Peak, one of the most globally successful mobile gaming companies, for $1.8 billion.
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