Zynga, one of the global leaders in interactive entertainment, has announced its acquisition of Chartboost, a leading mobile programmatic advertising and monetization platform. This acquisition will combine top-tier content with proven at-scale advertising and monetization platform. It is stated that Zynga’s acquisition of Chartboost is expected to close in the third quarter of 2021.
Details of the agreement between Zynga and Chartboost
Zynga Inc. announced it has entered into a definitive agreement to acquire Chartboost. With this agreement, Chartboost will be bringing more than 700 million monthly users in total from the global audience and more than 90 billion monthly advertising auctions. It is believed that Zynga and Chartboost will dominate all the key elements of a whole, next-generation platform that includes high-quality content, direct player relationships, massive reach, and full-stack advertising technology that can be applied across Zynga’s game portfolio and Chartboost’s advertising partners.
Chartboost is a unified advertising platform that includes a Demand Side Platform (DSP) as well as Supply Side Platform (SSP) and mediation capabilities delivered through an SDK solution. By leveraging advanced machine learning and data science capabilities, Chartboost brings together premium inventory, global scale, and audience-based targeting to optimize programmatic advertising and yields.
According to the agreement, Zynga will acquire 100% of Chartboost for approximately 250 million dollars in cash. The final upfront transaction consideration will also include customary closing adjustments and is expected to close in the third quarter of 2021.
What does the CEOs of Zynga and Chartboost say?
Frank Gibeau, Chief Executive Officer of Zynga, says:
“Chartboost is one of the most dynamic monetization and discovery platforms in mobile, and we could not be more excited to welcome their talented team to our company. By combining Zynga’s high-quality games portfolio and first-party data with Chartboost’s proven advertising and monetization platform, we will create a new level of audience scale and meaningfully enhance our competitive advantage in the mobile ecosystem.”
Rich Izzo, Chief Executive Officer of Chartboost, states:
“We are thrilled to join with Zynga to further build and expand our full-stack advertising platform that will serve Zynga and the entire mobile ecosystem. Together, we share a vision of the future where combined advertising, analytics, and content platform will accelerate growth across both of our companies. Zynga already feels like family and an extension of our own company culture.”