Zynga Dethrones Activision Blizzard as the Largest U.S. Mobile Video Game Company
Zynga (NASDAQ: ZNGA) has become the largest mobile video game company in the U.S., climbing to No. 1 in terms of market share, on both Apple's (NASDAQ: AAPL) App Store and Alphabet's (NASDAQ: GOOGL) (NASDAQ: GOOG) Google Play store for the month of July, according to Cowen analyst Doug Creutz.
The company moved up from the No. 4 spot in June after Zynga acquired mobile gaming company Peak for $1.8 billion, the largest acquisition in the company's history. The move expanded Zynga's offerings to include Peak's popular Toon Blast and Toy Blast titles. Toon Blast became the 12th most popular game on the App Store in July, enough to propel Zynga to the top spot.
Image source: Getty Images.
Source Fool.com
