Zynga is confident Peak will elevate its ongoing revenues, but the initial costs will lead to reduced earnings per share. The company announcement included revised fiscal guidance for its full-year 2020.<\/p>\n
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Revenue, Zynga projects, will increase from $1.65 billion to $1.69 billion. Net loss, however, will increase from $245 million to $350 million, which will result in a basic and diluted net loss per share of $0.36.<\/p>\n<\/div>\n
During yesterday’s news of buying Peak, Zynga shares traded on NASDAQ jumped five percent to close at an eight-year high. But today, some investors are sellers, as shares are down 2.6 percent in morning trading to $9.41.<\/p>\n","protected":false},"excerpt":{"rendered":"
Social gaming powerhouse Zynga has announced it will acquire competitor Peak, a mobile gaming developer headquartered in Istanbul, Turkey, for $1.8 billion. Zynga, based in San Francisco and best known for Farmville, Words With Friends, and Zynga Poker, says it will pay $900 million in stock and another $900 million in cash to acquire the […]<\/p>\n","protected":false},"author":25,"featured_media":137487,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[32093,22988],"tags":[],"acf":[],"yoast_head":"\n
Zynga Buying Turkish Mobile Game Developer for $1.8B<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n