Zynga in advanced talks to acquire Turkish mobile gaming company Peak for over $1 billion: report

  • Date: 31-May-2020
  • Source: MENAbytes
  • Sector:Technology
  • Country:GCC
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Zynga in advanced talks to acquire Turkish mobile gaming company Peak for over $1 billion: report

The stock price of American gaming company has increased by over 13 percent in a day to $9.15 after the story about its possible acquisition of Peak has surfaced online.. Peak after selling the card games continued to retain two of its most popular games (which also happen to be the only one it has); Toy Blast and Toon Blast and remained an independent company.. According to its website, Toy Blast, a puzzle game by Peak that was launched in 2015 has had 200 million downloads to date which makes it one of the most popular games in this category.. The game per Peak's website is one of the most popular games in the US and ranks among the top-5 grossing iOS games there.. Istanbul-based Peak, according to publicly available data has raised over $18 million in venture capital to date.. According to the data (which is apparently from 2018) shared by Webrazzi, Earlybird owns 43 percent of the company..