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  • Zynga Acquired Gaming Studio Gram Games for $250 Million

    Published: 2018-05-31 18:36:19 | Clicks:1 | Author: TapAso


    Recently, the subsidiary corporation of Words with Friends named Zynga, which has snapped up gaming studio Gram Games. Read the following contents for more details. And top aso services also available here. 

    According to the official announcement, we can know Zynga acquired London- and Istanbul-based independent mobile game studio Gram Games for $250 million in cash. The deal also includes a three-year earn out (or bonus) for employees based on the team's ability to hit unspecified profitability goals.

    Gram's nine titles, including Merge Dragons! and 1010!, have been downloaded 170 million times and will add about 3 million daily active users to Zynga's lineup, the company said on Wednesday. The business is projected to generate bookings of $10 million and a profit of $2 million for the month of June, according to Gibeau. Gram employs 77 people.

    Gram Games’credit list includes puzzle game 1010 as well as Merge Dragons, a top-50 game on the US charts. Zynga CEO Frank Gibeau said the acquisition fits with the company's long-term growth plan: “By acquiring Gram Games, we're expanding our portfolio of live game franchises, while also adding a number of exciting new starts to our pipeline of future games. In particular, we’re huge fans of Merge Dragons and believe it has the potential to be a new forever franchise for Zynga.”

    The move comes as Zynga moves away from older titles such as Farmville in favour of new mobile gaming options which offer the potential for more advertising revenue. Late in 2017, Zynga bought mobile card game studio Peak Games for $100 million. In addition to boosting its development pipeline, Zynga said the acquisition of Gram Games will increase its audience by 3 million mobile daily active users.

    Stay tuned the latest mobile game news here. Besides that, professional aso services and app store seo guides also available here. Never miss us if you want to increase your app ranking into top 1 of app store fast and safely. Contact us now! 

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