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Zynga to buy Peak Games for $1.8B

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Re: Zynga to buy Peak Games for $1.8B

#11
I'm not familiar with casual gaming. How is Zynga doing these days?

I remember them from the Farmville days when Facebook billed itself as an "application platform" and Farmville was the poster child of that.

Facebook hasn't talked about "application platform" for years now and I don't know anyone still playing games on Facebook. So how is Zynga still a thing?

Re: Zynga to buy Peak Games for $1.8B

#15

I'm not familiar with casual gaming. How is Zynga doing these days? I remember them from the Farmville days when Facebook billed itself as an "application platform" and Farmville was the poster child of that. Facebook hasn't talked about "application platform" for years now and I don't know anyone still playing games on Facebook. So how is Zynga still a thing?

They transitioned their games to mobile.

Ignoring today's jump due to the acquisition news, their stock has been pretty strong over the last year. I think they moved past the world domination phase of the company to be a solid game studio.

Re: Zynga to buy Peak Games for $1.8B

#18

In other news, Zynga apparently has $1.8B to blow.

No, only $900M > Zynga stated that the deal comprised $900 million in cash, and $900 million in Zynga stock

That's still $800m more than I figured Zynga had at this point.
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