Zynga Grows Further and Acquires StarLark Studio and Golf Rival game for $525 million.
Zynga’s shopping spree continues as it recently acquired StarLark studio, a Chinese developer. That is not all, Zynga’s also has reached a deal for Golf Rival game from Betta Games for $525 million in cash and stock. So, both the developers behind the super hit game as well as the game itself is now acquired by Zynga.
The acquisition of the Golf Rival game is a huge deal as it is the second most popular golf game after Playdemic’s Golf Clash. Playdemic is also in talks with Electronic Arts for becoming EA’s part for a total of $1.4 billion.
The CEO of Zynga, Frank Gibeau, has executed several acquisitions and merger deals. Zyng-a is on a shopping spree acquiring and consolidating its development team. This new addition will further help Zyng-a in publishing global hits. Moreover, the addition of StarLark studio will expand Zyng-a’s presence in China and the Far East.
Frank Gibeau, CEO of Zynga, said, “With the acquisition of Golf Rival, Zyng-a becomes home to a talented team with the proven ability to create a global hit, while expanding Zyng-a’s international footprint with a new studio in China.
Golf Rival has rapidly ascended to become the second-largest mobile golf game in the world, with six million downloads in 2021 alone. Together, Zyng-a and StarLark are well-positioned to grow Golf Rival faster together with additional new projects in early development.”
Zyng-a will now acquire StarLark studio and Golf Rival for $525 million of which $315 million in cash, and $210 million is based on Zyng-a common stock. The deal is expected to close in the last quarter of 2021.