Sign up to receive 5 free days of our daily summary for tech news.

RSVP: Friday - Tim O'Reilly Joins Sam Lessin to Debate Their Predictions for the Next Ten Years in Tech
Entertainment Markets

Zynga, No Longer a Game Has-Been, Hunts for Acquisitions

When Frank Gibeau became chief executive of Zynga in 2016, the mobile games publisher behind one-time sensations like “FarmVille” and “Words with Friends” was a shambles. With revenue in decline and a history of bungled acquisitions, Zynga had a market capitalization of around $2 billion, a tad more than the combined value of its cash, short-term investments and cavernous San Francisco headquarters, which the company had spent almost $300 million on in 2012, including improvements. 

“Investors didn’t trust us with their money,” Gibeau, previously a longtime executive at Electronic Arts, told The Information in an interview this week. 

Since then, Gibeau has brought the company back from—if not the brink—the long descent toward insignificance into which once-mighty tech businesses sometimes stagger. Zynga’s business is growing again and it now has a market capitalization of nearly $6 billion. And after recently selling its headquarters—for $580 million, nearly doubling its money—and raising money through a convertible debt offering, the company has about $1.4 billion in cash and investments to make further acquisitions. 

What Is The Information?

Notes

Exclusive Articles

We broke it first. Receive original reporting you won't read anywhere else from the largest newsroom in tech.

Notebook

Daily news analysis

Every weeknight, we'll send you our reporters’ views on the day’s top tech news—distilled into one email.

Conference calls

Conference calls

Get access to our reporters and other top executives with monthly deep-dive calls into topics like startups and autonomous vehicles.

Events

Global Events

For no extra fee, get access to more than a dozen events yearly, from intimate dinners to larger gatherings with marquee speakers.

What else is included in my subscription?

Tech Top 10 Mobile App

Our new app featuring summaries of the most important tech news curated by our team, a calendar, breaking news alerts and more.

Slack community

Discuss topics and current events with our subscriber-only Slack group and share news about your company with other subscribers.

Annual Subscriber only benefits:

Org Charts

Access the only collection of tech company org charts. Our expanding database includes companies like Amazon, Snap, and Uber.

Crypto Newsletter

Our experts investigate the latest in the crypto world to keep you in-the-know about the movements of digital currencies.

Stay up to date on Silicon Valley

Sign up for Jessica Lessin’s (The Information’s CEO & Founder) free Saturday newsletter and also receive a complimentary week of our daily afternoon tech commentary email.

Already a subscriber? Log in here