Deals

Zynga Pays $100 Million for Turkish Mobile Card Game Assets

Deal adds to Zynga’s portfolio that includes poker, solitaire
Acquisition is biggest yet during CEO Gibeau’s tenure

888 Agrees $1.4 Billion Takeover Of Bwin.party — Photographer: Chris Ratcliffe/Bloomberg

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By Christopher Palmeri and Ercan Ersoy

November 7, 2017 at 9:05 PM UTC

Updated on

November 8, 2017 at 10:23 AM UTC

This article is for subscribers only.

Zynga Inc. wants to be the go-to place for mobile card games.

The San Francisco-based online gaming pioneer is acquiring the copyrights for mobile card game business of Turkish game designer Peak Games for $100 million in a deal expected to close in the fourth quarter. The Peak business is profitable and will add to earnings, Zynga Chief Executive Officer Frank Gibeau said in an interview.