Zynga Closes Acquisition of Istanbul-Based Rollic, a Leader in the Fast-Growing Hyper-Casual Games Business
October 02 2020 - 9:00AM
Business Wire
- Entry into One of the Largest and Fastest Growing Mobile Game
Categories
- Expands and Diversifies Zynga’s Advertising Business
- Adds a Highly Talented Team and Extensive Network of External
Developers
Zynga Inc. (Nasdaq: ZNGA), a global leader in interactive
entertainment, and Rollic, an Istanbul-based mobile games developer
and publisher with an exciting portfolio of popular hyper-casual
games that have been downloaded more than 365 million times,
announced today that the companies have closed the transaction
under which Zynga acquired 80% of Rollic for a total purchase
price, including working capital adjustments, of approximately $180
million in cash. Over the next three years, Zynga will acquire the
remaining 20% in equal installments at valuations based on specific
topline and profitability goals.
This press release features multimedia. View
the full release here:
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Zynga Closes Acquisition of
Istanbul-Based Rollic, a Leader in the Fast-Growing Hyper-Casual
Games Business (Photo: Business Wire)
The Rollic acquisition marks Zynga’s entrance into the
fast-growing hyper-casual market and brings a highly talented team
with a substantial network of external developers to Zynga. Rollic
also meaningfully increases Zynga’s audience while growing its
advertising business. Rollic will continue to be led by founder and
Chief Executive Officer Burak Vardal and its current management
team. Additionally, the company plans to maintain its headquarters
in Istanbul, Turkey.
“We’re thrilled to welcome Rollic and its incredibly talented
team, along with its extensive network of developers, to Zynga,”
said Frank Gibeau, Chief Executive Officer of Zynga. “Rollic brings
Zynga into the world of hyper-casual, which is one of the most
exciting and fastest growing mobile gaming categories. Rollic’s
large and diversified audience base will also be valuable for Zynga
as the mobile games and advertising landscape continues to
grow.”
"We are memorably excited to be joining Zynga, a perfect home
for Rollic’s culture and core values,” said Burak Vardal, founder
and Chief Executive Officer of Rollic. "In this new chapter, Zynga
and Rollic will bring together a massive production power filled
with creativity, quality and extremely talented teams. We’re
devoted to reflect the potential energy of this joining by creating
the next generation of mobile gaming."
Founded in December 2018 by Burak Vardal, Deniz Basaran and
Mehmet Can Yavuz, Rollic is a hyper-casual publisher and game
developer based in Istanbul, Turkey. Eight of Rollic’s games have
reached #1 or #2 top free downloaded games in the U.S. App Store,
and their latest releases, Go Knots 3D and Tangle Master 3D, were
the top two most downloaded games in the U.S. App Store in Q2
2020.
The close of this acquisition is effective as of October 1,
2020. Zynga expects to update its full year 2020 guidance when
reporting Q3 2020 financial results.
Editor’s note:
Key art and assets available for use at the following link:
https://www.dropbox.com/sh/mpjq5uayxvavjfu/AAC06swtg_3lwFJAwNddRz4Ra?dl=0
About Zynga Inc.
Zynga is a global leader in interactive entertainment with a
mission to connect the world through games. To date, more than one
billion people have played Zynga’s franchises including CSR
Racing™, Empires & Puzzles™, Merge Dragons!™, Merge Magic!™,
Toon Blast™, Toy Blast™, Words With Friends™ and Zynga Poker™.
Zynga’s games are available in more than 150 countries and are
playable across social platforms and mobile devices worldwide.
Founded in 2007, the company is headquartered in San Francisco with
locations in the U.S., Canada, the U.K., Ireland, India, Turkey and
Finland. For more information, visit www.zynga.com or follow Zynga
on Twitter, Instagram, Facebook or the Zynga blog.
About Rollic
Founded in December 2018, Rollic is an Istanbul-based game
developer and publisher, focused on free-to-play hyper-casual games
for iOS and Android. Games released by Rollic include Go Knots 3D,
Flipper Dunk, Onnect – Pair Matching Puzzle, Pixel Shot 3D, Picker
3D, Repair Master 3D, Tangle Master 3D, Water Shooty and Wheel
Smash. Rollic is committed to producing massively appealing global
titles while building a thriving developer ecosystem in the gaming
industry. Rollic was acquired by Zynga, a global leader in
interactive entertainment, in 2020. For more information, visit
www.rollicgames.com or follow Rollic on Facebook, LinkedIn,
Instagram, Twitter or the Rollic blog.
Forward-Looking Statements
This press release contains forward-looking statements,
including those statements relating to, among other things: our
ability to achieve the intended benefits of acquiring Rollic Oyun
Yazılım ve Pazarlama Anonim Şirketin (“Rollic”), including
expanding our global audience and advertising business, adding to
our development pipeline and our overall growth; and our ability to
achieve financial projections. Forward-looking statements often
include words such as “outlook,” “projected,” “planned,” “intends,”
“will,” “anticipate,” “believe,” “target,” “expect,” and statements
in the future tense are generally forward-looking. The achievement
or success of the matters covered by such forward-looking
statements involves significant risks, uncertainties, and
assumptions, and our actual results could differ materially from
those predicted or implied. Undue reliance should not be placed on
such forward-looking statements, which are based on information
available to us on the date hereof. We assume no obligation to
update such statements. Factors that could cause actual results to
differ include satisfaction of transaction closing conditions and
our ability to timely close the transaction, effectively integrate
Rollic, and achieve the expected benefits of the transaction. More
information about these risks, uncertainties, and assumptions and
additional factors that could cause actual results to differ are or
will be described in greater detail in our public filings with the
Securities and Exchange Commission (the “SEC”), copies of which may
be obtained by visiting our Investor Relations website at
http://investor.zynga.com or the SEC’s web site at www.sec.gov.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20201002005010/en/
Zynga Investor Relations: Rebecca Lau Investors@zynga.com
Zynga Press: Sarah Ross Sarah@zynga.com
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