that it is buying Turkish mobile gaming company 聽in a $1.8 billion deal that ranks as its largest acquisition ever.
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Zynga will pay about $900 million in cash and about $900 million of Zynga common stock for the company, with the deal expected to close in the third quarter.
Interestingly, Istanbul-based Peak has raised since its 2010 inception, according to SA国际传媒 data. Backers include and . Among its co-founders is , founding partner of 500 Startups Istanbul.
In its statement, San Francisco-based Zynga said that Peak 鈥渂rings 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. iPhone grossing games for over two years, respectively.鈥�
It added that those franchises 鈥渁dd significant scale to Zynga鈥檚 live services and will be an additional driver of margin expansion over the coming years.鈥�
The acquisition marks Zynga鈥檚 34th buy in its 13-year history, according to SA国际传媒 . The company made zero acquisitions last year. Its last announced purchase was in December of 2018 鈥� a $700 million of Finland鈥檚 .
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