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Zynga to Acquire Rollic Mobile Game Company for USD 168m
Friday 07 August 2020

San Francisco-based interactive entertainment company Zynga Inc. (NASDAQ: ZNGA) has agreed to acquire Istanbul-based mobile games developer and publisher Rollic, to enter the hyper-casual market, the company said.

Zynga will acquire 80% of Rollic for USD 168m in cash. The final upfront transaction consideration will also include customary closing adjustments and is expected to close on October 1, 2020.

Over the next three years, Zynga will acquire the remaining 20% in equal installments at valuations based on specific profitability goals.

The acquisition is expected to close on October 1, 2020.

The acquisition expands and diversifies Zynga's advertising business.
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Date Published: 07/08/2020

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