Company:Peak Games

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Short description: Mobile gaming company based in Istanbul, Turkey
Peak Games
TypeSubsidiary
IndustryMobile games
Founded2010
FounderSidar Sahin
Headquarters
Istanbul
,
Turkey
Area served
Worldwide
ProductsToy Blast, Toon Blast
ParentZynga
Websitehttps://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

  1. ↑ Needleman, Sarah E. (1 June 2020). "Zynga to Buy Turkish Mobile-Game Studio Peak for $1.8 Billion". Wall Street Journal. https://www.wsj.com/articles/zynga-to-buy-turkish-mobile-game-studio-peak-for-1-8-billion-11591021309. 
  2. ↑ Ghosh, Shona (June 1, 2020). "Gaming giant Zynga will buy Turkish developer Peak for $1.8 billion in its biggest ever acquisition". Business Insider. https://www.businessinsider.com/zynga-acquires-peak-gaming-1-8-billion-2020-6. 
  3. ↑ Writer. "Zynga Enters Into Agreement to Acquire Istanbul-based Peak, Creator of Top Charting Mobile Franchises Toon Blast and Toy Blast" (in en). investor.zynga.com. https://investor.zynga.com/news-releases/news-release-details/zynga-enters-agreement-acquire-istanbul-based-peak-creator-top. 
  4. ↑ Rooney, Ben (15 October 2012). "Peak Games Founder Wants to Change The World". Wall Street Journal. https://www.wsj.com/articles/BL-TEB-4796. 
  5. ↑ Palmeri, Christopher; Ersoy, Ercan (7 November 2017). "Zynga Pays $100 Million for Turkish Mobile Card Game Assets" (in en). Bloomberg. https://www.bloomberg.com/news/articles/2017-11-07/zynga-buys-peak-games-for-100-million-for-card-game-dominance. 
  6. ↑ Takahashi, Dean (7 November 2017). "Zynga pays $100 million for Peak Games' casual card game studio". VentureBeat. https://venturebeat.com/2017/11/07/zynga-pays-100-million-for-peak-games-casual-card-game-studio/. 
  7. ↑ Kerr, William R.; Yucaoglu, Gamze (23 January 2018). "Peak Games: Hiring Priorities in Times of Rapid Growth (A)" (in en-us). Harvard Business School. https://www.hbs.edu/faculty/Pages/item.aspx?num=53725. 
  8. ↑ 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. https://techcrunch.com/2020/06/01/zynga-acquires-turkeys-peak-games-for-1-8b-after-buying-its-card-games-studio-for-100m-in-2017/. 
  9. ↑ "Zynga acquires Turkey's Peak Games for $1.8bn". Financial Times. June 1, 2020. https://www.ft.com/content/3c42eeb0-8b0f-4659-9eea-9cd11b4ac452. 
  10. ↑ Takahashi, Dean (7 November 2017). "Zynga pays $100 million for Peak Games' casual card game studio". VentureBeat. https://venturebeat.com/2017/11/07/zynga-pays-100-million-for-peak-games-casual-card-game-studio/. 
  11. ↑ Ozdemir, Ozge (June 6, 2020). "Zynga's acquisition of Peak: How was the $ 1.8 billion worth of sales realized?" (in tr). BBC News. https://www.bbc.com/turkce/haberler-dunya-52940564. 
  12. ↑ 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. https://techcrunch.com/2020/06/01/zynga-acquires-turkeys-peak-games-for-1-8b-after-buying-its-card-games-studio-for-100m-in-2017/. 
  13. ↑ Ghosh, Shona (June 1, 2020). "Gaming giant Zynga will buy Turkish developer Peak for $1.8 billion in its biggest ever acquisition". Business Insider. https://www.businessinsider.com/zynga-acquires-peak-gaming-1-8-billion-2020-6. 



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