Zynga scoops up four mobile gaming companies
Zynga has acquired four small mobile startups as the social gaming giant continues its efforts to expand beyond the Facebook platform to smartphones and tablets.
Zynga snapped up ZombieSmash developer Gamedoctors in December, closing out a recent string of acquisitions that began in August 2011 when the company quietly purchased HipLogic and Astro Ape Studios. A month later, Zynga landed Page44 Studios, maker of the iOS hit World of Goo. Zynga senior vice president of mobile David Ko confirmed the acquisition spree to Reuters but did not disclose financial details.
Last month, Zynga raised $1 billion in its initial public offering, selling 100 million shares at $10.00 each to generate the largest offering by a U.S. technology firm since Google (NASDAQ:GOOG) raised $1.9 billion in 2004. The IPO values Zynga--the company behind blockbuster titles like FarmVille and Words with Friends--at as much as $7 billion. In its original SEC filing, Zynga reveled that its daily active users across mobile platforms grew more than ten-fold from November 2010 to June 2011.
- read this Reuters article
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