he total value of the deal is estimated at $100m in cash and Zynga expects to complete the transaction before the end of the year, subject to customary closing conditions.
Zynga will strengthen its casual card game portfolio by adding games such as ‘Spades Plus’ and ‘Gin Rummy Plus’.
Monty Kerr, senior vice-president of games at Zynga, said, “We’re excited to welcome the talented team behind Peak Games’ mobile card game portfolio to Zynga.
“The social card games they’ve developed have broad, evergreen appeal to millions of people around the world and build on Zynga’s strong foundation as we continue to grow our card portfolio over the long-term.
“The acquisition will enhance our card-based audience and will be accretive to our near-term margin goals.”
Omer Inonu, strategy director at Peak Games, commented, “We are proud of what Peak Games has accomplished in growing its leading mobile board and card game portfolio and are confident that Zynga will be a great home for those games and the talented team behind them in the next stages of their growth.”