Zynga buys Empires & Puzzles gamemaker in largest deal to date [Reuters (UK)]
Zynga Inc. - Class A (ZNGA)
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Source: Reuters
Zynga buys Empires & Puzzles gamemaker in largest deal to date | Reuters 3 Min Read (Reuters) - U.S. game software firm Zynga Inc ( ZNGA.O ) said on Thursday it would buy a majority stake in Finland’s Small Giant Games, maker of the popular Android game Empires & Puzzles, for about $700 million, in a move to strengthen its mobile game portfolio. It is the largest deal to date for Zynga, Chief Executive Frank Gibeau said in an interview, topping its $527 million acquisition of UK developer Natural Motion in 2014. Zynga - best-known for popular Facebook game FarmVille - also raised its fourth-quarter revenue forecast on Thursday. Its shares rose 1.67 percent in after-market trading, to $3.65. Zynga sees potential in bringing smartphone role-playing game Empires & Puzzles to countries in Asia where games of the type are popular, with Gibeau citing Japan, South Korea and China as potential markets. He said the 18-month-old game was profitable, making money from in-game purchases plus a
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