Thursday, December 20, 2018

Zynga Buys Small Giant Games For $560M

San Francisco-based Zynga has acquired Helsinki-based mobile game developer Small Giant Games, the creator of the popular games Empires & Puzzles, Zynga said on Thursday afternoon, in a deal worth $560M. The deal is split between $330M in cash plus $230M in unregistered Zynga common stock. According to Zynga, the deal will help it expand its new game pipeline. Small Giant was founded in 2013. The deal will be partially funded via a newly established, $200M revolving credit facility. According to Zynga, Small Giant's Empires & Puzzles game has been downloaded over 26 million times.