01/19 ’12 PostIPOville- Zynga Buys Mobile Phone Gaming Companies
By Bjorn Bjornsen
Don't indicate to Zynga CEO Mark Pincus that his company’s Public offering ended up being a disappointment.
In his primarily interview ever since Zynga's publick offering, Pincus tells the Wall Street Journal that the offering was “successful”. It is a strange explanation: The stock, which actually closed at $9.22 last Tuesday, continues to be trading lower than its $10 original value since its commence.
“Our goals were, we want to raise a billion dollars. Through going public, we wanted to add some more great long-term investors to the company. All of that was successful,” Pincus reported.
Zynga is certainly not the only tech enterprise whose shares reduced immediately after an introductory IPO; more recent cases comprise Groupon, Angie’s List, and Pandora, all of these are presently trading stocks lower than their Public offering value. In fact, Zynga lowered its evaluation shortly prior to its IPO, directing several observers to suggest that it was attempting to stop just this consequence.
Just recently Zynga reported it acquired four (4) modest cellular game companies for an undisclosed amount of money as the top-rated developer of Facebook gaming applications seeks to expand its squad on cellphones as well as tablets.
The enterprise's top cellular executive David Ko informed Reuters on this Wednesday that Zynga has bought German company Gamedoctors in December. Gamedoctors, located in Bielefeld, makes ZombieSmash game.
Zynga also bought Page44 Studios, which specifically is headquartered in San Francisco, in September 2011. That workshop originated the "World of Goo" game for Apple's iOS platform.
Zynga bought HipLogic, a different the Bay Area-based online games enterprise, in August. Ko also figured that Zynga acquired New york city based Astro Ape Studios in August to produce new game brands.
Ko turned down to remark on the amount of the arrangements.
While Zynga was one of the earliest game makers on the Facebook platform, it falls short of that 1st mover gain on cellular, in which companies like Walt Disney Co and Electronic Arts Inc have published knock new games.
Facebook games come to be incredibly famous and include blackjack - the best casino online game played worldwide.