Zynga Acquires Indie Game Development Company Floodgate Entertainment

Social gaming company Zynga has acquired Floodgate Entertainment, an indie gaming company based in Waltham, Massachusetts. This is Zynga’s 10th acquisition in 10 months. Zynga reportedly earned $850 million in 2010 revenues. Floodgate founder Paul Neurath will be the creative director of Zynga’s Boston team. [VentureBeat]

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