Zynga to buy Turkish mobile-game maker Peak for $1.8 billion: Bloomberg News

(Reuters) – Zynga Inc has agreed to buy Turkish mobile-game maker Peak for $1.8 billion, Bloomberg News reported on Monday, citing Chief Executive Officer Frank Gibeau.

The deal, slated to be Zynga’s biggest yet, will comprise $900 million in cash and $900 million in stock, and will be completed in the third quarter, Gibeau said in an interview, Bloomberg reported.

Zynga did not immediately respond to a Reuters request for comment.

The company, once known for its Facebook-based desktop games such as “FarmVille”, has been focusing on mobile-centric games and acquisitions of smaller studios such as Gram Games, Small Giant Games and the card and board games studio of Peak Games to fuel growth.

(Reporting by Neha Malara in Bengaluru; editing by Uttaresh.V)