Sections

Zynga spent $310 million on acquisitions

Zynga's spending spree didn't pay off for the company

Since 2010, Zynga has spent $310,561,000 on acquiring new companies, according to a report by Bloomberg's Cory Johnson. Over the course of these acquisitions, Zynga went from $10 million in earnings to $897 million in accumulated deficit.

Those acquisitions include OMGPOP, Bonfire Studios, Buzz Monkey, Newtoy, XPD Media, Challenge Games, Area/Code, Floodgate Entertainment, and MarketZero. Employees from some of those teams were a part of the company's layoffs earlier this month.

The social and mobile publisher is still hemorrhaging executives. On Monday, the head of Zynga China and XPD Media founder Andy Tian left the company, followed by vice president of publishing Rob Dyer this morning.

Related stories

Zynga sues two former employees over data theft

Both creators now at rival firm Scopely

By Christopher Dring

Zynga CEO: I'll never go back to console and PC

Former EA executive Frank Gibeau sees mobile as a much more enticing opportunity

By James Brightman

Latest comments

Sign in to contribute

Need an account? Register now.