Mobile game developer Zynga on Monday announced it would acquire the Turkish game maker Peak for $1.8 billion in cash and stock in Zynga’s largest acquisition since it launched in 2007.
San Francisco-based Zynga, best known for hit games like “Words With Friends” and “FarmVille,” will gains Peak’s pipeline of popular mobile games, including puzzle game franchises “Toon Blast” and “Toy Blast,” that Peak said have over 12 million daily active users combined. Zynga said in a statement it expects Peak’s titles to grow its own daily active user count by more than 60% following the acquisition.
Istanbul-based Peak was founded in 2010 by chief executive Sidar Sahin and raised $19 million prior to its acquisition, according to funding tracker PitchBook Data Inc.