Peak Games Explained

Peak Games
Type:Subsidiary
Predecessors:-->
Successors:-->
Founded:2010
Founder:Sidar Sahin
Hq Location City:Istanbul
Hq Location Country:Turkey
Area Served:Worldwide
Products:Toy Blast, Toon Blast
Owners:-->
Parent:Take-Two Interactive (via Zynga)
Website:https://peak.com/

Peak Games is a mobile gaming company based in Istanbul, Turkey. The privately-held company was acquired by Zynga in June 2020 for $1.8 billion.[1] [2] The company launched the games Toy Blast in 2015 and Toon Blast in 2017, both collectively have more than 12 million average mobile daily active users as of June 2020.[3]

History and overview

Peak Games was founded by Sidar Sahin in October 2010. The company was founded as a mobile technology company that designed and developed casual puzzle games for Android and iOS platforms.[4] In 2017, Peak Games sold its mobile card games to Zynga for a reported $100 million. The acquisition included card games Spades Plus, Gin Rummy Plus and Okey Plus.[5] [6]

According to a Harvard Business School case study, Peak Games was Europe’s third biggest grossing online gaming company with an audience of over 350 million users worldwide as of 2018.[7]

The company was backed by venture capital with a total funding of $18 million.[8] It was acquired by American social game developer, Zynga in a cash and share deal worth $1.8 billion in June 2020.[9] After the acquisition, Peak Games operates independently with its 100 employees.[10]

Games developed

Peak Games have designed and developed notable mobile games.[11] [12] [13]

Notes and References

  1. News: Needleman . Sarah E. . Zynga to Buy Turkish Mobile-Game Studio Peak for $1.8 Billion . . 1 June 2020.
  2. News: Ghosh . Shona . Gaming giant Zynga will buy Turkish developer Peak for $1.8 billion in its biggest ever acquisition . . June 1, 2020.
  3. News: Writer . Zynga Enters Into Agreement to Acquire Istanbul-based Peak, Creator of Top Charting Mobile Franchises Toon Blast and Toy Blast . investor.zynga.com . en.
  4. News: Rooney . Ben . Peak Games Founder Wants to Change The World . . 15 October 2012.
  5. News: Palmeri . Christopher . Ersoy . Ercan . Zynga Pays $100 Million for Turkish Mobile Card Game Assets . . 7 November 2017 . en.
  6. News: Takahashi . Dean . Zynga pays $100 million for Peak Games' casual card game studio . . 7 November 2017.
  7. Web site: Kerr . William R. . Yucaoglu . Gamze . Peak Games: Hiring Priorities in Times of Rapid Growth (A) . . en-us . 23 January 2018.
  8. News: Lunden . Ingrid . Zynga acquires Turkey's Peak Games for $1.8B, after buying its card games studio for $100M in 2017 . . June 1, 2020.
  9. News: Zynga acquires Turkey's Peak Games for $1.8bn . . June 1, 2020.
  10. News: Takahashi . Dean . Zynga pays $100 million for Peak Games' casual card game studio . . 7 November 2017.
  11. News: Ozdemir . Ozge . Zynga's acquisition of Peak: How was the $ 1.8 billion worth of sales realized? . . June 6, 2020 . tr.
  12. News: Lunden . Ingrid . Zynga acquires Turkey's Peak Games for $1.8B, after buying its card games studio for $100M in 2017 . . June 1, 2020.
  13. News: Ghosh . Shona . Gaming giant Zynga will buy Turkish developer Peak for $1.8 billion in its biggest ever acquisition . . June 1, 2020.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Peak Games".

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