Today, some news of a huge acquisition out of Turkey that represents the first billion-dollar-plus exit for a startup out of the country. Social video gaming company Zynga confirmed that it is buying Istanbul-based Peak Games, the business behind popular Candy-Crush-style mobile gaming apps Toon Blast and Toy Blast, for $1.8 billion — — $900 million in […] Zynga acquires Turkey’s Peak Games for $1.8 B, after purchasing its card games studio for $100M in 2017 888011000 110888
Today, some news of a substantial acquisition out of Turkey that represents the first billion-dollar-plus exit for a startup out of the nation. Considerably, Peak Games’ main users are outside of Zynga’s house market of the United States, representing a real growth chance for the company to cross-sell other games. If Zynga tried to buy the whole business 2 years back, it may have been that Peak was hesitant to offer its remaining 2 titles– its own Sweet Crush crushers– Toon Blast and Toy Blast for anything near $100 million. Peak is one of the world’s best puzzle game makers and we could not be more thrilled to add such imaginative and enthusiastic skill to our business,” stated Frank Gibeau, Chief Executive Officer of Zynga, in a statement.”This is a huge collaboration not just for Zynga and Peak, but for the whole mobile gaming industry,” said Sidar Sahin, creator and Chief Executive Officer of Peak, in a declaration.Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.