Take-Two, one of the biggest names in video games, has completed its acquisition of the social gaming pioneer, Zynga. The blockbuster deal comes in at $12.75 billion and will expand Take-Two's portfolio deep into the social gaming market. Under the terms of the deal, Zynga shareholders will receive $3.50 in cash and $6.36 in shares…
Social gaming giant Zynga is reporting huge revenue boosts for Q1 2021, despite the hazards of the pandemic. The revenue leap was bolstered by successful games such as Harry Potter: Puzzles and Spells, as well as in increase in advertising earnings. But all that cash coming in was not enough to keep the company from…
Zynga, the venerable social gaming pioneer, clocked in a record amount of revenue in Q1 2018 with a whopping $265 million passing through its doors during the three months ending on March 31, 2019. As is so often the case in the upside down world of social gaming, that record revenue haul did not actually…
Zynga has purchased Gram Games, the developers of the popular Merge Dragons! mobile games for $250 million. The acquisition is part of Zynga's ongoing effort to regain its long-faded crown as the King of mobile games by dominating the newly emergent "hyper-casual" gaming market. The deal, which was announced late last week, is good news…
Zynga, the once-dominant social gaming operator, did something in 2017 it hadn't done in almost seven years...it turned a profit. A profitable year is a small step forward for the company that practically invented social gaming in the early social media era, but has struggled to stay relevant in the age of mobile devices. That's…
Zynga, the once dominant social gaming giant, posted a profitable Q2 2017 on the strength of its social slots products. Word that Zynga is operating in the black is the first good news the company has seen in a very long time. But before you applaud the return of the creators of Farmville and Zynga…
At the dawn of the social gaming era, Zynga was the undisputed king of the genre. Between breakout hits like Farmville and Zynga Poker, the California-based company was raking in cash hand over fist. Unfortunately, the company's fortunes turned south as consumer tastes changed and chaos reigned in its e-suites. Despite some extremely rough times…
Zynga, the social gaming giant that ruled rode the early days of Facebook to massive popularity, is experiencing something of a rejuvenation in recent months. The company is reporting positive growth for 2016 and Q4 earnings that were beyond Wall Street's expectations. This is especially good news coming from a company that's always struggling to…
Zynga, the once-dominant force in social gaming, surprised its legion of critics by doing something it hasn't done in a very long time; it posted a profit. The maker of a legion of social gaming favorites, including Words with Friends and Farmville, announced revenue of $195.7 million for Q3 2015. That's in an increase of…
Zynga stockholders got some great news this week. Thanks to a better-than-expected Q1 performance, shares in the once-mighty social gaming company jumped 6 percent. Great news, right? Unfortunately, there's one group in the Zynga universe who won't be celebrating that fiscal victory; the 348 staff developers who were laid off from the company this week.…
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