Zynga Acquires Challenge Games

Social network gaming company Zynga has acquired Austin, TX based company Challenge Games.  The financial transaction rumored to be behind the deal is $20.5 million in stock.  Challenge Games is being renamed to Zynga Austin.  Challenge Games raised funding in the past from Sequoia Capital and Globespan Capital Partners. [TechCrunch]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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