Tag Archives: zynga

Massive lay offs have hit social game studio Zynga, with AllThings D reporting that the studio is closing down its Los Angeles, New York, Austin and Dallas studios; it’ll also lay off more than 520 of its employees.

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A slide on the Xbox 360 dashboard seems to have revealed that Zynga’s tile-based word game, Words with Friends, is going to release on Microsoft’ next-gen console: Xbox One.

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Draw Something owner Zynga has revealed that the doodling mobile app has been downloaded over a 100 million times since it launched.

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Zynga’s stock has hit a six-month high, rising 11% following months of financial turmoil, lay-offs and walk-outs. The increase comes as New Jersey Governor Chris Christie opened up the possibility for legally-sanctioned real money gaming.

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Zynga was evaluated rather highly at the start of 2012, painting a picture of free-to-play browser and mobile developers as unstoppable money-making forces. The reality is far from that image, Infernum founder Andreas Weidenhaupt has argued in a new interview. Weidenhaupt has cautioned that such lofty expectations place immeasurable pressure on F2P developers, and has subsequently called for a reality check.

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Zynga’s volatile and rapidly declining fortunes have led companies investing in start-ups to become wary, and has resulted in new gaming start-ups being valued lower than they might have been in previous years. It’s not a problem exclusive to gaming, but people are now being more cautious in how highly they price-up new acquisitions.

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Zynga’s recent financial woes have led the powers that be consider new strategies to keep losses down and to sweep loss-making areas of its portfolio under a very large rug. The first two Zynga games to be closed have been revealed.

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EA has discussed the treatment of LBGT themes in games, sparked by the controversial Defense of Marriage Act in the States. The publisher – as well as Zynga – has discussed the issue at length in a new interview, stating that as far as investors are concerned, there is no need for concern or debate on the issue as it stands.

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Fez developer Polytron has claimed Zynga wanted to secure a mobile port of the Xbox Live Arcade game.

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Zynga chief operating officer John Schappert has resigned from his position with the social games publisher, according to Fortune.

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EA’s Peter Moore has spoken out regarding plummeting Zynga stock, stating that the company is running a marathon, but has ‘hit a wall’.

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CEO Mark Pincus has said Zynga intends its web portal to be the Xbox Live of social games.

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The trepidation of stock analysts about Zynga’s future (many had said it wasn’t worth the asking price) was proven wrong early this morning as Zynga’s first day on the market started well, climbing 10% to $11 per share. Then it was proven right as the stock tumbled, then it surged again. So where do they stand?

As of late afternoon on the New York Stock Exchange, Zynga’s stock has regulated to about the same place it started, around $10/share. The day has no doubt been an emotional rollercoaster ride for Zynga who started the day as the year’s most successful Initial Public Offering, but several times looked like it might become the year’s biggest tragedy. Their IPO produced about $1 billion, which is the largest of any company this year, and the largest tech IPO since Google in 2004.

Via the Wall Street Journal.

Angry Birds developer Rovio turned down a $2.25 billion takeover bid from social games developer Zynga earlier this year, according to a report published in The New York Times.

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The undisputed leader in social gaming held a big conference today to announce ten new titles. But one game, Castleville, is getting more attention than all the rest. More »

One day your entire life will be part of some elaborate Zynga-fueled social game. The casual game developer announced today it was seeking a hefty $1 billion in its initial public offering.
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A source familiar with Zynga’s operation told the Reuters news service that Zynga will be filing for an initial public offering on Thusday.
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Loads of stuff out of Japan today, and loads of stuff regarding Sony as well. However, there was more stuff. Get that stuff in short-form after the break, and stuff.

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Some things you just cannot make up no matter how hard you try. There’s a few of those in the shorts posted below.

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More nuggets for your Friday evening are below.

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