Friday, May 28, 2010

Zynga Shells Out $7.5M In Acquisition

San Francisco-based social games maker Zynga has issued $7.5M in equity as part of an acquisition, most likely of Chinese social gaming firm XPD Media, according to a regulatory filing by the firm Friday. According to the filing, the equity was issued on May 14th, in relation to a merger or acquisition, although no details were released. Zynga announced its acquisition of XPD Media on May 20th, although it did not disclose any details of the deal.