Not exact matches
As desktop use, traditional ads and virtual payments on apps and
games like those published by
Zynga slow down, many analysts say the
company's
mobile business, commerce features and new external ad network will more than make up for it.
Zynga, once one of Silicon Valley's fastest - growing
companies, suffered a dramatic reversal of fortunes in 2012 as
gamers switched from Facebook - based
games to those on
mobile devices.
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Zynga Inc. (Nasdaq: ZNGA) agreed to acquire the
mobile card
game studio of Peak Games, a leading global
mobile gaming
company, for $ 100 million in cash.
Pincus helped create
Zynga in 2007 and the
company soon gained millions of monthly active users through popular social
games played on
mobile devices and networks such as Facebook (FB), including FarmVille and
Zynga Poker.
Mobile game industry executives had looked to London - based King's IPO, the largest by a gaming
company since
Zynga Inc went public in 2011, to help sweep aside skepticism over a notoriously fickle, volatile market.
In an interview with Nintendo's Global President Satoru Iwata at E3, he passionately explains why he will continue charging for
games and is reluctant to get caught up in the social and
mobile game frenzy that is fueling such
companies as
Zynga, or platform - makers like Facebook and Apple.