Game company Zynga, notably known from FarmVille , will acquire Peak Games for $ 1.8 billion ($ 1.6 billion), Peak Games announced on its website. The game studio is best known for the Toon Blast and Toy Blast games for smartphones.
Zynga previously bought other game companies, but has never before made such a large acquisition. Half of the amount involved in the acquisition was paid immediately. The remaining $ 900 million has been paid in Zynga shares.
Peak Games' games fit well with the games that Zynga already has in its portfolio. Both companies specialize in the development of mobile games. For example, Zynga has grown up alongside FarmVille with, among others, Words With Friends .
In recent months, Zynga has gained a lot more value because many people are sitting at home and playing more games on their phones. With the acquisition of Peak Games, Zynga is gaining even more users.