Zynga Posts

Zynga launches its first sports game called ‘NFL Showdown’

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Zynga announced its first sports game called “NFL Showdown.” The game is a mix between fantasy football and simulation. NFL Showdown has real player names across all 32 NFL teams. Zynga also plans to launch a Tiger Woods game early next year.

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Facebook Inc (FB), Zynga Inc (ZNGA) defeat class-action lawsuits regarding wiretapping allegations

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Facebook Inc (NASDAQ:FB) and Zynga Inc (NASDAQ:ZNGA) have defeated class-action lawsuits that accuses the companies of civil wiretapping allegations connected to advertising practices. In a joint opinion filed last week on the two lawsuits, the Ninth US Circuit Court of Appeals ruled the advertising practices at issue did not involve wiretapping. The appeals court reinstated allegations that Facebook violated its terms of service for its users though.

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Big Viking Games acquires YoVille from Zynga

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The game YoVille has been renamed to YoWorld and has been acquired by Big Viking Games from Zynga. Instead of shutting down the game, Zynga decided to sell off the game.
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Zynga Inc (ZNGA): Mark Pincus steps down from operational roles

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Zynga Inc (NASDAQ:ZNGA) co-founder Mark Pincus has stepped down from overseeing all operational roles at the company. He will be shifting to non-executive chairman of Zynga and is giving up the title of chief product officer.
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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]