A PYMNTS Company

FTC’s Review Of Zynga’s Take-Two Sale Extended

By  |  February 17, 2022

Zynga could see an extended FTC antitrust review of its planned $12.7B sale to Take-Two Interactive.

The US Federal Trade Commission may look at pursuing “creative approaches” to the antitrust review, which could lead to a longer timeline, according to a CTFN report, which cited a source. Take-Two is said to be confident that it’s on path to get all necessary regulatory approvals.

The Zynga deal seemed to usher in a spate of deals in the video game sector including Microsoft’s planned almost $70B purchase of Activision and Sony’s deal to acquire ‘Halo’/’Destiny’ developer Bungie in $3.6B deal.

Take-Two management is said to believe that a review might be easier than others in the gaming industry since its focused on the crowded mobile gaming space rather than console games or virtual reality, according to the CTFN report.

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.