4 ms·
More context: At the time of Facebook's acquisition of Instagram Zynga was trading higher than today (it went downhill from there losing over 80% in a few mont
by kgwgk 5y ago
More context:
At the time of Facebook's acquisition of Instagram Zynga was trading higher than today (it went downhill from there losing over 80% in a few months). The market cap was $9bn.
- mrkramer 5y agoZynga was slow to transition from Facebook social gaming to mobile gaming. That's when King and Supercell stepped in. I think that Zynga was and is only old-school mobile gaming company left since King and Supercell got acquired and that's why Take-Two was willing to pay such premium price for it.