Zynga pays $100 million for Peak Games’ casual card game studio

Zynga has acquired the mobile card game studio of Turkey’s Peak Games for $100 million in cash. The move is one of the biggest acquisitions Zynga has made under Frank Gibeau, who became CEO in March 2016. It’s also a big validation for Peak Games’ strategy of focusing on casual card games that are popular […]

Zynga will get Peak’s card games such as Spades Plus, Gin Rummy Plus, and Okey. The latter is based on a popular Middle Eastern board game. Peak Games will retain its Toy Blast and Toon Blast games, and remain an independent company in Istanbul.

The deal is a big one for Zynga, which previously paid $527 million when it acquired NaturalMotion, a studio that made games such as CSR Racing and Dawn of Titans.

In an interview, Gibeau said acquisition is one of a few ways that Zynga is trying to increase its overall revenues. It is focused on growing its current base through services (live operations like events or tournaments), adding sequels to existing games, launching new intellectual properties, and acquiring licensed brands for new games.

Above: Frank Gibeau, CEO of Zynga.

Image Credit: Zynga

“With Peak, we felt there was an opportunity to work with them to bring their games to our portfolio of card games,” Gibeau said. “They have the largest mobile rummy game in the world, and the largest spades game in the world.”

Peak has been making games for seven years, with a focus on mobile casual card games as well as the Blast series of mobile games. Peak Games founder and CEO Sidar Sahin will stay with Peak and operate it as a separate company.

Doubts and uncertainties about your partner’s honesty can ruin your relationship. If your spouse is using LINE messenger, a free LINE spy app can help you to find out the truth about your relationship.

“The opportunity was to acquire this piece of the company,” Gibeau said.

How To Analysis If Your Apps Are Targeting Oreo

Starting November 1, 2018, Google will crave that all new apps and updates to absolute apps ambition Android 8.0 Oreo or higher. This move agency the developers abaft abounding of your admired apps are now scrambling to get their software modernized, while others are because abandoning anachronous apps altogether. Many apps accept already been adapted to ambition Oreo, so they'll booty advantage of all the new accoutrement offered on accessories active Android 8.0 or higher. To be clear, this doesn't beggarly your apps won't assignment on earlier Android versions, aloof that they'll assignment bigger if you're active a newer... more

How Google and Amazon are hooking kids from an early age

ANALYSIS: Google announced a notable update to YouTube Kids this week, one that gives parents a range of tools to tailor the app for their kids. Among the new features is one that lets parents create individual profiles for each of their offspring. They can set each kid up with their own passcode to keep siblings […]

Why The Lg G7's New Mlcd+ Affectation Is Absolutely A Game-changer

The LG G7 ThinQ will acceptable be lambasted for its cleft and awkward name, but one affair they assume to accept gotten appropriate is the new display. The G7 will accord abounding a aboriginal attending at a new blazon of console with lots of promise. While it was ahead bound to TVs, from what we know, it should absolutely flash on a abate screen. Unlike aftermost year's reintroduction to POLED, MLCD is added than a business term. This console is altered from acceptable LCDs and it brings a cardinal of allowances that will advice abstracted the G7 ThinQ from the assemblage of flagship devices. While the cleft will apparently be the most... more

Mobile Technology Science / News

Search This Blog