mmogame

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    US social mobile publisher Zynga has acquired Finnish indie Small Giant Games in a deal which values the company at over $700 million. Zynga will pay $560 million upfront, split $330 million cash and $230 million in new stock, for 80 percent of Small Giant. The remaining 20 percent will be acquired over the coming three years as an earnout based on future profitability. Zynga has over $400 million in cash and equivalents but will open an additional $200 million credit facility to partially fund the deal. Once an underdog of the mobile game market, Small Giant Games will now be an important asset to a company that is currently struggling to keep its playerbase. Right now, Zynga's current lineup ranging from Farmville, the notorious social network game described in the game industry as a "Cow Clicker," to Words With Friends, a Scrabble-like game that somewhat achieves world peace by uniting rappers with the elderly, has grown stale on its userbase. Last quarter, Zynga failed to meet analyst estimates by $16.23 million only making $233.2 million in three months. Over the past few months, however, Facebook app data shows that Zynga is even in more need of a fresh title. If you are in need of cheap Zynga Poker Chips, come to 777chips.com, where you can enjoy the cheapest price online and maximum discount. 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. This is the fourth in a series of progressively larger acquisitions for Zynga since Gibeau took the reins of the company in 2016. It began last year by picking up Harpan and its four Solitaire games for $42.5 million, then followed that by adding Peak Games' card studio for $100 million. And earlier this year, Zynga made a splash by purchasing Merge Dragons developer Gram Games for $250 million.