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Zynga is a leading social game developer 
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Dołączył(a): 26 Sierpnia 2019
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Post Zynga is a leading social game developer
  Wysłano: środa, 11 Września 2019, 03:06
Zynga Inc. a leading social game developer, today announced it has entered into an agreement to acquire Helsinki-based mobile game studio, Small Giant Games (“Small Giant”), creator of the hit franchise Empires & Puzzles. Small Giant adds an experienced team and another innovative Forever Franchise to Zynga’s live service portfolio while also expanding its new game pipeline. Small Giant is expected to be accretive to Zynga’s profitability and be a meaningful growth driver in 2019 and beyond.

Once the transaction closes on Jan. 1, Zynga will own 80% of Small Giant. It’s paying $560 million for the acquisition, comprised of approximately $330 million in cash and $230 million in stocks. Zynga said it will purchase the remaining 20% of Small Giant over the next three years. If you are in lack of Zynga Poker Chips, visit our site 777chips.com, a reliable and cheap online in-game currency store.

Helsinki-based Small Giant Games had raised $52 million in equity funding from EQT Ventures, Creandum, Spintop Ventures, Profounders and others since it was founded in 2013. The company reported $33 million of revenue for Empires & Puzzles, its most popular game, 10 months after its launch in 2017. Small Giant, which is also behind Alliance Wars and Season 2: Atlantis, says they exceeded 2017’s revenue just four months into 2018.

Zynga is buying the company because it has a hit game which has been downloaded more than 24 million times in the past 18 months and has broken into the top 10 grossing games on iOS and Android. That’s a remarkable result for the first game from Small Giant Games, which Timo Soininen cofounded in 2013. He previously the CEO of Habbo Hotel, an early hit online game.

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