Mon. 01/10 – Take-Two Acquires Zynga

Tech Brew Ride Home

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News, Tech News, Technology

4.7 • 1K Ratings

🗓️ 10 January 2022

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

Take-Two takes out Zynga for $12.7 billion dollars. The SEC wants private unicorn companies to report more financial details. The open source developer who borked a bunch of projects to protest working for the man, I guess. And the weekend Web3 debate between Moxie Marlinspike and Vitalic Buterin. Sponsors: Grammarly.com/techmeme EditorX.com Links: Take-Two to acquire mobile gaming giant Zynga for $12.7B (TechCrunch) SEC Pushes for More Transparency From Private Companies (WSJ) Matter was a major star at CES 2022, but can it maintain its shine? (The Verge) Dev corrupts NPM libs 'colors' and 'faker' breaking thousands of apps (BleepingComputer) My first impressions of web3 (Moxie.org) Response From Vitalic Buterin on Reddit Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Tech Meme Right Home for Monday, January 10th, 2021. I'm Brian McCullough
0:08.0	today. Take-2 Takes Out Zinga for 12.7 billion dollars. The SEC wants private unicorn companies to report more
0:15.8	financial details. The open source developer who borked a bunch of projects to protest
0:20.0	working for the man, I guess, and the weekend web three debate between moxie marlin spike and
0:25.3	fatalic butterran here's what you miss today in the world of tech.
0:38.0	Big news in gaming take Big News and Gaming. Take 2 announced this morning it will acquire Zinga for 12.7 billion dollars or $9.86 per share which represents a 64% premium on Zinga's January 7th closing price.
0:47.6	Take 2, of course, develops Grand Theft Auto, Red Dead, other titles of course.
0:52.6	And Zinga, well, Zinga was the first social gaming company,
0:55.9	right?
0:56.4	A monster in mobile, quoting Tech Crunch.
0:59.6	The deal will bring together two gaming powerhouses,
1:01.8	take two in consoles and PC games, including such
1:04.4	iconic titles as Grand Theft Auto, and Zinga in a massive swath of mobile games, a genre that was arguably largely defined by the company.
1:12.6	It's behind Farmville, Empires and Puzzles,
1:14.8	Words with Friends and More.
1:16.4	As with a lot of other consolidation moves,
1:18.4	this is about cost savings through synergies.
1:21.2	Take-2 said the deal would help the larger business save about
1:23.8	a hundred million dollars annually after two years. Take-2 already has a number of
1:28.3	mobile game titles and has expanded its franchises in the mobile, but this will give
1:32.1	the company a significantly larger
1:34.0	holding in the space.
	...

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