Zynga Posts

Zynga names David Lee as CFO

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Zynga announced on Thursday that its CFO and CAO Mark Vranesh is stepping down from the company after working at the company for six years. David Lee will be taking over both roles, effect April 14th.

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Zynga to launch 3 mobile titles soon, including FarmVille sequel

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Today Zynga has announced a soft launch of FarmVille 2: Country Escape along with two other updated core titles coming before the end of March. This is part of a strategy to shift into a mobile-focused company.

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Zynga acquires NaturalMotion for $527 million

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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.

Zynga is testing out Bitcoin payments for in-app purchases

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Zynga, the popular game application company, is now testing out Bitcoins for application purchases. The Bitcoin option will be available on 7 games on Zynga.com, which includes FarmVille 2, CastleVille, ChefVille, CoasterVille, Hidden Chronicles, Hidden Shadows, and CityVille. Bitcoin is an open-source digital currency that is currently trading at about $1,000 per Bitcoin. Zynga is accepting Bitcoin through payment processor BitPay.
[Source: PCW]

Zynga Inc (ZNGA) Co-Founder Justin Waldron Steps Down

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Zynga Inc (NASDAQ:ZNGA) co-founder Justin Waldron is stepping down from the company after working there for six and a half years. Waldron did not specify what he would be doing next.
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Report: Zynga Inc (ZNGA) COO, CTO, and CPO To Leave Next Week

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Zynga Inc (NASDAQ:ZNGA) is facing a major management shakeup under newly appointed chief executive officer Don Mattrick.  According to AllThingsD, Zynga’s chief operating officer David Ko, chief technology officer Cadir Lee, and chief people officer Colleen McCreary is going to be leaving the company next week.

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RealNetworks Acquires Slingo For $15.6 Million

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RealNetworks has acquired social casino game company Slingo for $15.6 million.  Slingo will be rolled into RealNetworks’ GameHouse casual gaming division.  It is unknown what will happen with Zynga’s partnership with Slingo for the Slingo game on Facebook.  Slingo runs games on Slingo.com as well.  Slingo and Zynga’s game on Facebook currently has 4.5 million monthly players.  Launched in 1995, Slingo is owned by Sal Falciglia.
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Zynga Inc (ZNGA) Saw A $15.8 Million Loss For Q2

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Zynga Inc (NASDAQ:ZNGA) has reported their second quarter results today.  The company reported a $15.8 million loss for the three months ended June 30th.  The company brought in $213 million in revenues.  Unfortunately, revenues for the quarter was down 31% year-over-year for the same period last year.  Zynga generated around $332 million in revenues during the same period last year.
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