Zynga to Acquire 'Toon Blast' Maker Peak for $1.8 Billion
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hollywoodreporter.comSan Francisco-based mobile video gaming giant Zynga said Monday it has entered into a definitive agreement to acquire Istanbul, Turkey-based mobile games firm Peak, which is behind the likes of Toon Blast and Toy Blast, for $1.8 billion in cash and stock.
Peak will bring a 100-person strong teamto the company, adding "significant scale to Zynga’s live services" and becoming an "additional driver of margin expansion over the coming years." Collectively,Toon BlastandToy Blasthave more than 12 million average mobile daily active users (DAUs), growing Zynga’s average mobile DAUs by more than 60 percent while also strengthening its international audience.
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