Tag Archives: Sale

Peak Games and Zynga

Peak Games, one of the world’s leading mobile gaming companies, based in Turkey, recently announced that it has sold its mobile card gaming studio to Zynga for $100M. Peak Games will retain the rest of its games including the very successful Toy Blast and Toon Blast, and will continue operating as an independent company.

This transaction is a great example of how successful companies that compete globally primarily on the basis of their technology, rather than companies where technology enables a primarily offline operational experience that is more defensible against global competition (like e-commerce or marketplaces), can emerge from Turkey.

Congratulations to the Peak Games team, led by Sidar Sahin, as well as the company’s investors Hummingbird and Earlybird.