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Zynga, Maker Of Video Games Like ‘Farmville’, Acquired By Take-Two Interactive For $12.7B
Take-Two Interactive, publisher of video games including Grand Theft Auto, is acquiring Farmville maker Zynga for $12.7 billion, creating a bulked-up gaming giant.
Under the deal, Take-Two will acquire all outstanding shares of Zynga in a cash-and-stock transaction representing a 64% premium on Zynga’s stock price as…
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By Dade Hayes
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0 Comments Comment on Zynga, Maker Of Video Games Like ‘Farmville’, Acquired By Take-Two Interactive For $12.7B
‘Words With Friends’ Game Show In Works From MGM TV & Zynga
World With Friends, the hit mobile word game that has been installed more than 200 million times since it began distracting your buddies since 2009, is getting the TV game show treatment. MGM Television and Zynga have made a deal to collaborate on the project, which will incorporate elements of other Zynga word and…
You Won’t Believe What Happens Next: Facebook Clamps Down On Clickbait
Mostly lost in all the Emmy hubbub around Deadline yesterday was a little “FYI” blog post by Facebook, noting changes it was making in how it decides what stories to show its 1.1 billion users in their profiles’ News Feed.
From now on, the company said, it would be downgrading stories from publishers that use come-on…
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By David Bloom
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Zynga Shares Drop 10% After Vague CEO Talk, Departures
Shares of online game company Zynga dropped almost 15 percent today before recovering modestly after its CEO was less than enthusiastic, or clear, about the company’s revenues and long-term outlook, and news surfaced of three more executive departures. The company ended the day down 33 cents, or just over 10 percent…
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By David Bloom
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WME Appoints Former OMGPOP Boss Head Of Digital
Daniel Porter made his mark in the gaming space with OMGPOP and Zynga and now will be tasked with overseeing all of WME‘s online and mobile initiatives and help identify digital opportunities for clients. Based in the agency’s New York office as head of the Digital Department, he will work closely with Chris…
Zynga Shares Zoom After It Taps Former Microsoft Entertainment Exec To Be CEO
Shares jumped 10.4% during the trading day following a report that Don Mattrick would take charge of the ailing game company — and another 5.9% in after-market trading when the news was officially announced. In his six years at Microsoft, Mattrick ran the interactive entertainment operation that includes the company’s…
Zynga Shares Zinged After It Relaxes Its Relationship With Facebook
The stock price for the maker of Farmville and CityVille is down more than 12% in after hours trading, continuing a downward trend that has slashed Zynga‘s market value more than 72% since it went public last December. The latest decline follows the disclosure in an SEC filing that it has revamped the terms of its…
Zynga Shares Dive After Game Maker Says It Will Report Q3 Loss
Shares are down 19% in post market trading following the disclosure that the company behind FarmVille and other popular Facebook games will report a net loss of as much as $105M in Q3 — a period when some analysts expected it to break even. Zynga “did not execute to our satisfaction,” founder and CEO Mark Pincus says…
Hasbro Licenses Rights To Zynga Games
SAN FRANCISCO & PAWTUCKET, R.I. — Hasbro, Inc. (NASDAQ: HAS) and Zynga (NASDAQ: ZNGA) announced today a comprehensive partnership that grants Hasbro the rights to develop a wide range of toy and gaming experiences based across Zynga’s popular social games and brands. As the world's largest social game developer with…
Game-Maker Zynga Unveils IPO Plans As Investors Grow Wary Of Tech
The maker of popular Facebook games including FarmVille and Mafia Wars says this morning in an SEC filing that it hopes to end up with nearly $890M from a public offering of 100M shares at an expected price of about $9.25 a share. The stock will trade at NASDAQ under the symbol ZNGA. The cash will be used for “general…
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