\u201cWe\u2019ve been impressed by the quality and momentum of Empires & Puzzles as we add another Forever Franchise into Zynga\u2019s portfolio,\u201d Zynga chief executive officer Frank Gibeau said in a statement. \u201cSmall Giant has created an innovative game that delivers a unique player experience that engages over the long term.\u201d<\/p>\n
The deal is expected to close on January 1.\u00a0Zynga will purchase the remaining 20 percent of Small Giant over the next three years \u201cat valuations based on specified profitability goals.\u201d<\/p>\n
Helsinki-based Small Giant Games had raised $52 million<\/a>\u00a0in equity funding from EQT Ventures, Creandum, Spintop Ventures, Profounders and others since it was founded in 2013. The company reported $33 million of revenue for Empires & Puzzles, its most popular game, 10 months after its launch in 2017. Small Giant, which is also behind\u00a0Alliance Wars and Season 2: Atlantis, says they exceeded 2017\u2019s revenue just four months into 2018.<\/p>\n \u201cOur studio was founded on the idea that small, skillful teams can accomplish giant things, and I am confident that partnering with Zynga is the right next step in our evolution,\u201d Small Giant CEO Timo Soininen said in a statement. \u201cWe will now operate as a separate studio within Zynga, maintaining our identity, culture and creative independence. By leveraging the expertise and support from the wider Zynga team, we will amplify the reach of Empires & Puzzles and the new games in our development pipeline.\u201d<\/p>\n Zynga, founded in 2007, is the developer of FarmVille,\u00a0Zynga\u00a0 Zynga expects to bring in $243 million in revenue in the fourth quarter of 2018.<\/p>\n How Fortnite\u2019s dance moves sparked new lawsuits against Epic Games<\/a><\/p>\n<\/blockquote>\n<\/div>\n Powered by WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":" Social game developer Zynga has entered into an agreement to acquire Small Giant Games, the startup behind the popular mobile game Empires & Puzzles, in a deal expected to total $700 million. Zynga, which has tumbled since its 2011 Nasdaq initial public offering, will initially acquire 80 percent of Small Giant Games for $560 million,\u00a0composed… Read the full article…<\/a><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[174,377],"tags":[],"class_list":["post-57510","post","type-post","status-publish","format-standard","hentry","category-games-media","category-gaming"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n
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