• Brings a Proficient Improvement Workforce and New Hit Franchise to Zynga
• Expands Zynga’s Worldwide Footprint with a Studio in China
• Provides New Initiatives in Early Improvement
• Zynga to Replace Full Yr 2021 Steerage when Reporting Q3 2021 Monetary Outcomes on November 8, 2021
San Francisco–(ANTARA/Enterprise Wire)- Zynga Inc. (Nasdaq: ZNGA), a worldwide chief in interactive leisure, in the present day introduced it has closed the acquisition of StarLark, developer of the fast-growing and second largest cell golf recreation on this planet, Golf Rival, from Betta Video games for a complete buy worth of roughly $525 million in money and inventory.
StarLark brings to Zynga the gifted growth group behind the hit cell recreation, Golf Rival, the place gamers of all talent ranges compete in real-time player-versus-player matches, together with multiplayer tournaments on spectacular programs with customizable tools. The acquisition additionally expands Zynga’s worldwide presence by establishing a brand new China-based studio with entry to the area’s artistic expertise pool. StarLark will proceed to be led by its Founder and Common Supervisor, Henry You, and its present administration group. StarLark has extra initiatives in growth.
“We couldn’t be extra happy to welcome StarLark’s terribly achieved group to Zynga,” stated Frank Gibeau, Chief Govt Officer of Zynga. “StarLark and Zynga share a typical imaginative and prescient – to carry folks collectively by means of video games. With Golf Rival, we’re increasing Zynga’s portfolio with a brand new hit franchise and are establishing a developer presence in China, a rustic with unparalleled technical and inventive expertise. As a mixed group, we’re properly positioned to develop sooner collectively.”
“StarLark shares a typical ardour with Zynga for uniting cell avid gamers from anyplace on this planet. By partnering with Zynga, we could have entry to the corporate’s intensive international sources and experience, whereas persevering with to develop new and thrilling content material for gamers,” stated Henry You, StarLark Founder and Common Supervisor. “We’re thrilled to embark on the following chapter of our journey with Zynga, a worldwide chief in cell gaming.”
The shut of this acquisition is efficient as of October 5, 2021. Zynga expects to replace its full yr 2021 steering when reporting its Q3 2021 monetary outcomes on Monday, November 8.
Editor’s observe:
About Zynga Inc.
Zynga is a worldwide chief in interactive leisure with a mission to attach the world by means of video games. With a large international attain in additional than 175 international locations and areas, Zynga has a various portfolio of common recreation franchises which were downloaded greater than 4 billion occasions on cell, together with
CSR Racing™,
Empires & Puzzles™,
Hair Problem™,
Harry Potter: Puzzles & Spells™,
Excessive Heels!™,
Merge Dragons!™,
Merge Magic!™,
Queen Bee™,
Toon Blast™,
Toy Blast™,
Phrases With Pals™ and
Zynga Poker™. With Chartboost, a number one cell promoting and monetization platform, Zynga is an industry-leading next-generation platform with the flexibility to optimize programmatic promoting and yields at scale. Based in 2007, Zynga is headquartered in California with areas in North America, Europe and Asia. For extra info, go to www.zynga.com or observe Zynga on
Twitter, Instagram, Fb or the Zynga weblog.
Ahead Wanting Statements
This press launch incorporates forward-looking statements inside the that means of the Personal Securities Litigation Reform Act of 1995, together with these statements regarding, amongst different issues: our means to realize the supposed advantages of our acquisition of Beijing StarLark Know-how Co., Ltd. (“StarLark)” and the Golf Rival cell recreation franchise, together with the expansion of the Golf Rival franchise, the event of future video games, and attracting and retaining key growth and different personnel. Ahead-looking statements usually embrace phrases akin to “projected,” “deliberate,” “intend,” “will,” “anticipate,” “consider,” “goal,” “anticipate,” and statements sooner or later tense are usually forward-looking. These forward-looking statements usually are not ensures of future efficiency and replicate administration’s present expectations. The achievement or success of the issues coated by such forward-looking statements includes vital dangers, uncertainties, and assumptions, and our precise outcomes might differ materially from these predicted or implied. Undue reliance shouldn’t be positioned on such forward-looking statements, that are primarily based on info out there to us on the date hereof. We assume no obligation to replace such statements. Extra details about these dangers, uncertainties, and assumptions and extra components that would trigger precise outcomes to vary are or will probably be described in larger element in our public filings with the Securities and Alternate Fee (the “SEC”), copies of which can be obtained by visiting our Investor Relations web site at http://investor.zynga.com or the SEC’s website online at www.sec.gov.
Contacts
Investor Relations:
Rebecca Lau
Media Relations:
Sarah Ross
Supply: Zynga