Zynga Buys A Bit Lucky

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9/17/2012 7:42 PM ET

Social games developer Zynga Inc. (ZNGA: Quote) said Monday that it has bought mid-core, multiplatform games developer A Bit Lucky.

Terms of the deal were not disclosed.

San Mateo, California-based A Bit Lucky is a new generation of game developers whose passion is to make high-quality multiplayer games. A Bit Lucky's first games, Lucky Space and Lucky Train, are among some of the highest-rated games on Facebook.

All of A Bit Lucky's 20-plus employees will become part of Zynga's San Francisco office.

The acquisition comes at a time when Zynga is facing an exodus of senior executives, and is embroiled in a legal battle with Electronic Arts Inc. (EA).

Zynga shares have lost about 70% of their value since going public late last year. The company's shares closed Monday's regular trading session at $3.08, down 10 cents or 3.14%, but gained 2 cents in after hours trading.

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by RTT Staff Writer

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