Zynga is acquiring developer Small Giant Games

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Zynga is acquiring developer Small Giant Games

Odeslatod mmogame v Stř 11. Zář 2019 2:50:21

Zynga has agreed to acquire mobile game maker based in Helsinki Small Giant Games, creator of the hit title Empires & Puzzles. Zynga will pay $ 560 million in cash and stock for 80 percent of the company, and the rest will come later. This is the biggest deal since Zynga acquired maker CSR Racing NaturalMotion for $ 527 million in 2014. And that reflects CEO Frank Gibeau's strategy to grow during the era of mobile gaming consolidation through the creation of new games and acquisitions.

Zynga CEO Frank Gibeau said Empires & Puzzles will immediately become one of the biggest games. "Right now, Kingdom and Puzzle are as big as Words With Friends in terms of income for us," Gibeau said. "This is a very large part of our portfolio, and continues to grow. In addition, they are also working on several new products that have not been announced. So they will add a new product pipeline, which will be cool." Buy Cheap Zynga Chips on 777chips.com with Cheap Price and Safe Payment.

Small Giant will operate as a separate studio in Zynga after the acquisition, said studio CEO, Timo Soininen. "Our studio was founded on the idea that small and skilled teams can achieve giant things, and I am convinced that partnering with Zynga is the next right step in our evolution," he said. "By leveraging the expertise and support of the broader Zynga team, we will strengthen the reach of‘ Empires & Puzzles ’and new games in our development path."

Zynga, founded in 2007, is the developer of FarmVille, Zynga Poker, Words with Friends, and several other mobile games. The company reported earnings of $ 248.88 million for the quarter ended September 2018, failing to meet analyst estimates. Zynga expects to generate $ 243 million in revenue in the fourth quarter of 2018.
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