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Massive restructure forces Zynga to lay off more than 500 employees
- In what is probably a surprise to very few people at this point, fledgling social games provider Zynga is laying off nearly 20 percent of their workforce as part of a massive restructuring effort. Do the math and that comes…
Zynga quietly lays off 100+ employees, disbands "The Ville" team
- In October 2010, social gaming developer Zynga was riding a massive wave of success. The start-up was valued at roughly $5.5 billion - higher than console publisher Electronic Arts at the time. Plans of taking the company public were well…
EA files lawsuit againt Zynga, claims 'The Ville' copied 'The Sims Social'
- Electronic Arts have filed a lawsuit against social gaming company Zynga citing copyright infringement. EA claims that Zynga’s The Ville “copied the original and distinctive expressive elements” found in The Sims Social, according to a blog post from Lucy Bradshaw,…
OMGPOP founder had $1,700 in the bank before Zynga's acquisition
- OMGPOP, the game studio behind the wildly successful mobile title Draw Something, was recently purchased by Zynga to the tune of $180 million but the story behind the story is even more compelling. In an interview with the New York…
Zynga pays $200m for "Draw Something" developer OMGPOP
- After poring over a number of potential suitors, OMGPOP has decided to take Zynga up on its $200 million offer. OMGPOP has been around since 2008 and has developed dozens upon dozens of casual games for mobile and web platforms.…
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 profits drop sharply, IPO seems even less desirable now
- Zynga has reported a 90 percent drop in second quarter net income compared to the same period a year ago. The social network game developer made roughly $14 million for the three months ending in July last year but that…
Angry Birds creator Rovio could soon be worth $1.2 billion
- Rovio Mobile, makers of the popular catapult-puzzle game Angry Birds, are said to be in talks with investors to receive funding that would value the company at $1.2 billion. Bloomberg reports that Rovio is considering a “strategic investment from a…
Rumor: Mystery suitor paying $1 billion for PopCap Games
- Casual games firm PopCap, responsible for hit titles such as Plants vs. Zombies, Peggle and Bejeweled, is said to be on the verge of being acquired for over $1 billion. It's unclear who the buyer could be. Having discounted Zynga,…
Zynga now valued at $5.51 billion, more than Electronic Arts
- SharesPost has valued Farmville developer Zynga Game Network at $5.51 billion, according to Business Week. That means it is now estimated to be bigger than console publisher Electronic Arts, which stands at a market cap of $5.16 billion. It still…
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