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Zynga buys Empires & Puzzles gamemaker in largest deal to date


By Vibhuti Sharma and Liana B. Baker(Reuters) - U.S. game software firm Zynga Inc 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 ...

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First Published: Fri, December 21 2018. 20:43 IST