Zynga acquires NaturalMotion for $527 million
Zynga has spent $527 million to acquire U.K. based gaming company NaturalMotion. NaturalMotion is known for building franchises like CSR Racing and Clumsy Ninja. Zynga will pay $391 million in cash and 39.8 million in Zynga stock based on yesterday’s closing price. This will leave Zynga with $1.2 billion in cash and marketable securities on hand. Zynga also announced that they are laying off around 15% of their workforce. NaturalMotion raised $11 million in venture capital from investors such as Benchmark Capital and Balderton Capital.