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Zynga articles

Zynga founder Mark Pincus steps down as Chief Product Officer

Social gaming company Zynga on Wednesday revealed that founder Mark Pincus is stepping down from his role as chief product officer effective today. The executive will instead focus on his role as Chairman of the Board of Directors according to…

Zynga acquires UK-based NaturalMotion and lays off 314 employees

Yesterday was a big day for Zynga as the mobile specialist acquired gaming company NaturalMotion and also laid off 15 percent of its workforce in the process. NaturalMotion is the UK-based studio behind some of the biggest mobile franchises including…

Zynga shutters real-money gambling plans for the US

After heavily investing in a real-money gambling game targeted at the UK, Zynga eventually wanted to bring the service to US residents. Unfortunately, the company continues to struggle, with new reports suggesting that the once-popular developer has lost 40 percent…

Rovio turned down $2 billion acquisition offer from Zynga

Zynga recently purchased Draw Something developer OMGPOP for a cool $200 million after spending nearly $150 million to acquire 22 smaller companies since 2011 but it seems that some other high-profile developers are playing much harder to get. It’s being…

Groupon IPO valuation to be lower than anticipated

Groupon’s initial public offering (IPO) is expected to be much lower than originally anticipated earlier this year. Analysts now believe the company will be valued between $5 billion and $10 billion when shares are offered on the open market, according…

Zynga to delay IPO due to market conditions

Social gaming developer Zynga could be putting their plans for an initial public offering on hold for a few months. The hot tech IPO climate is cooling, leaving Zynga to reconsider when they want to go public...