Peak Games
 | |
| Company type | Subsidiary |
|---|---|
| Industry | Mobile games |
| Founded | 2010 |
| Founder | Sidar Sahin (CEO) |
| Headquarters | Istanbul , Turkey |
Area served | Worldwide |
| Products | Toy Blast, Toon Blast |
| Parent | 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]
- Toy Blast
- Toon Blast
- Lost Bubble
- Lost Jewels
References
- ^ Needleman, Sarah E. (1 June 2020). "Zynga to Buy Turkish Mobile-Game Studio Peak for $1.8 Billion". Wall Street Journal.
- ^ Ghosh, Shona (June 1, 2020). "Gaming giant Zynga will buy Turkish developer Peak for $1.8 billion in its biggest ever acquisition". Business Insider.
- ^ Writer. "Zynga Enters Into Agreement to Acquire Istanbul-based Peak, Creator of Top Charting Mobile Franchises Toon Blast and Toy Blast". investor.zynga.com.
- ^ Rooney, Ben (15 October 2012). "Peak Games Founder Wants to Change The World". Wall Street Journal.
- ^ Palmeri, Christopher; Ersoy, Ercan (7 November 2017). "Zynga Pays $100 Million for Turkish Mobile Card Game Assets". Bloomberg.
- ^ Takahashi, Dean (7 November 2017). "Zynga pays $100 million for Peak Games' casual card game studio". VentureBeat.
- ^ Kerr, William R.; Yucaoglu, Gamze (23 January 2018). "Peak Games: Hiring Priorities in Times of Rapid Growth (A)". Harvard Business School.
- ^ Lunden, Ingrid (June 1, 2020). "Zynga acquires Turkey's Peak Games for $1.8B, after buying its card games studio for $100M in 2017". TechCrunch.
- ^ "Zynga acquires Turkey's Peak Games for $1.8bn". Financial Times. June 1, 2020.
- ^ Takahashi, Dean (7 November 2017). "Zynga pays $100 million for Peak Games' casual card game studio". VentureBeat.
- ^ Ozdemir, Ozge (June 6, 2020). "Zynga's acquisition of Peak: How was the $ 1.8 billion worth of sales realized?". BBC News (in Turkish).
- ^ Lunden, Ingrid (June 1, 2020). "Zynga acquires Turkey's Peak Games for $1.8B, after buying its card games studio for $100M in 2017". TechCrunch.
- ^ Ghosh, Shona (June 1, 2020). "Gaming giant Zynga will buy Turkish developer Peak for $1.8 billion in its biggest ever acquisition". Business Insider.