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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.

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Mike Williams avatar

Mike Williams

Reviews Editor, USgamer

M.H. Williams is new to the journalism game, but he's been a gamer since the NES first graced American shores. Third-person action-adventure games are his personal poison: Uncharted, Infamous, and Assassin's Creed just to name a few. If you see him around a convention, he's not hard to spot: Black guy, glasses, and a tie.