SeenewsSeenews
Search
Seenews
AlertsSeenewsSeenews
Searchclose
TOPICS
arrow
COUNTRIES
arrow
INDUSTRY
arrow
Economy
arrow
Browse Economy
Mix and match your focus countries with our advanced search
Investments
arrow
Browse Investments
Mix and match your focus countries with our advanced search
Deals
arrow
Browse Deals
Mix and match your focus countries with our advanced search
Tech
arrow
Browse Tech
Mix and match your focus countries with our advanced search
Green
arrow
Browse Green
Mix and match your focus countries with our advanced search
0/5
You have 5 free articles left this month
You have 0/5 free articles
Sign up to get 5 more free articles this month
SIGN UP
arrow
LOGIN
arrow
Turkey

US Zynga to buy Turkish mobile game company Rollic for $168 mln

Aug 6, 2020, 12:05:57 PMArticle by Dragana Petrushevska
share
ANKARA (Turkey), August 6 (SeeNews) - US-based video game software developer Zynga Inc said it has agreed to acquire an 80% stake in Turkey-based mobile games developer and publisher Rollic for $168 million (142 million euro) in cash.

US Zynga to buy Turkish mobile game company Rollic for $168 mln
Author: Joseph Morris. License: Creative Commons, Attribution 2.0 Generic.

Zynga also plans to buy the remaining 20% in equal installments over the following three years, it said in a statement on Wednesday.

The US firm expects to finalise the takeover of the 80% interest in Rollic on October 1.

Through the transaction, Zynga is entering the so called hyper-casual market of easy-to-play mobile games. The acquisition is also expected to increase Zynga's audience and grow its advertising business, the buyer said. 

Established in 2018, Rollic has titles with over 5 million mobile daily active users and 65 million mobile monthly active users in total. 

In June, Zynga said it has agreed to buy Turkish mobile gaming company Peak in a cash-and-stock deal worth $1.8 billion. 

($ = 0.8442 euro)

Your complete guide to the emerging economies of Southeast Europe. From latest news to bespoke research – the big picture at the tip of your fingers.