Zyngaa global interactive entertainment company, announced the acquisition of StarLark, developer of the mobile golf game Golf Rival, from Betta Games for an aggregate purchase price of approximately $525 million in cash and stock.
StarLark brings to Zynga the development team behind Golf Rival, where players of all skill levels compete in real-time player-versus-player matches, including multiplayer tournaments on courses with customizable equipment. The acquisition also expands Zynga’s international presence by establishing a new China-based studio with access to the region’s talent pool. StarLark will continue to be led by Henry You, Founder and CEO, and his current management team. StarLark has other projects in development.
“We couldn’t be happier to welcome the extraordinarily accomplished StarLark team to Zynga,” said Frank Gibeau, CEO of Zynga. “StarLark and Zynga share a common vision: to bring people together through games. With Golf Rival, we are expanding Zynga’s portfolio with a successful new franchise and establishing a developer presence in China, a country of unparalleled technical and creative talent. As a combined team, we are well positioned to grow faster together. »
“StarLark shares a common passion with Zynga to unite mobile gamers everywhere,” says You. “By partnering with Zynga, we will gain access to the company’s vast global resources and expertise, while continuing to develop exciting new content for gamers. We’re excited to embark on the next chapter of our journey with Zynga, a global leader in mobile gaming.
The closing of the acquisition took effect on October 5. Zynga plans to update its full-year 2021 guidance when it releases its third quarter 2021 financial results on November 8.