Zynga, a prominent U.S.-based global gaming firm, announced that they agreed to acquire Turkish gaming company Peak for USD 1.8 billion.
This purchase will be one of the largest investments made by Zynga to date and it is slated to be finalized by the end of the third quarter of 2020. The investment will be made with USD 900 million in cash and USD 900 million in stock, said the global giant.
In a statement Zynga said, "Peak is one of the world's best puzzle game makers and we could not be more excited to add such creative and passionate talent to our company." Peak’s top two games, Toon Blast and Toy Blast, are expected to boost the daily users of Zynga by over 60 percent with their mutual 12 million users per day on average.
Zynga, renowned for its hit games such as FarmVille and Zynga Poker, had formerly bought Turkish gaming company Gram Games in return for USD 250 million in cash in June 2018.