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Zynga will get British game developer NaturalMotion
31.01.2021 [23:22],
Sergey Karasev

Us company Zynga launched its objective to acquire Uk game developer NaturalMotion.

NaturalMotion is known for tasks like CSR Racing and Clumsy Ninja. The transaction amount will be $ 527 million, of which $ 391 million is going to be compensated in cash. The remaining of NaturalMotion will get roughly 39.8 million stocks of Zynga. Zynga was at $ 3.56 in the last auction.

Picture imore.com

In addition, Zynga announced intends to decrease its very own staff. The amount of staff members will decrease by 314 individuals, that may permit “to lessen costs and concentrate on work”. Zynga CEO Don Mattrick said staff are going to be cut by 15%.

In addition, Zynga reported last one-fourth and 2021 overall performance. Income when it comes to three-month period had been $ 176.4 million, and a net loss in $ 25.2 million, or 3 dollars per share. For comparison: within the fourth quarter of 2021, the business received $ 311.2 million in revenue, while showing a loss in $ 48.6 million (6 cents per share).

Annual revenue reduced from $ 1.28 billion to $ 873.3 million. At exactly the same time, Zynga managed to notably reduce losings: if in 2021 the organization lost $ 209.4 million, then in 2021 – about $ 37.0 million.

Picture socialnewsdaily.com

As a note, Zynga had been founded in 2021. In 2021, the business carried out an initial public providing (IPO) in the NASDAQ exchange, during which it raised about $ 1 billion. The placement, which were held during the higher end of the announced range, became the biggest for Internet companies after the IPO associated with the Google internet Corporation.