Zynga ZNGA is expanding its mobile gaming portfolio with the acquisition of Istanbul-based Peak. The company will pay $1.8 billion comprising approximately $900 million in cash and $900 million of Zynga common stock. The deal is expected to close in the third quarter of 2020.
Peak is well known for its hit franchises Toon Blast and Toy Blast that featured consistently in the top 10 and top 20 U.S. iPhone grossing games for more than two years, respectively. Toon Blast and Toy Blast, on a combined basis, have more than 12 million average mobile daily active users (DAUs).
The buyout will extend Zynga’s live service portfolio and is expected to surge mobile DAUs by more than 60%. Notably, the company had 21 million mobile DAUs at the end of first-quarter 2020.
Zynga also updated its second-quarter and 2020 guidance. Following the aforementioned news, shares of the company hit 52-week
The ongoing advance in digital wireless technology, 5G, is bringing a sea-change to the way we connect in the virtual sphere. By now, we all know the advantages that 5G will bring: faster connection times, lower latency, and improved connectivity – especially in networked systems and Internet of Things. First introduced at the end of 2017, 5G is going to dominate the digital landscape. The current crises – health and economic – have only slowed it down slightly.
The major US providers – Verizon, AT&T, and Sprint/T-Mobile – have all introduced 5G coverage, at least in the largest urban markets. It’s only a matter of time before the new systems are available uninterrupted coast-to-coast. The tech is expanding in Europe and Asia, too. China already has the world’s largest 5G networks, and Europe is working on cross-border networks.
From an investor’s perspective, 5G is going to send successful providers and
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