logo
Plus   Neg
Share
Email

Zynga Closes Acquisition Of Peak - Quick Facts

Zynga Inc. (ZNGA) said the company has closed the acquisition of Peak. The transaction has a total purchase price of approximately $1.85 billion comprised approximately of equal contributions of cash and Zynga common stock. Peak will continue to be led by founder and Chief Executive Officer Sidar Sahin and its current management team.

Zynga said the close of the acquisition is effective as of July 1, 2020. The company expects to update its full year 2020 guidance when reporting its second quarter 2020 financial results on August 5, 2020.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Amazon.com, Inc. can be held liable for damages caused by defective goods sold on its Marketplace including third parties, according to a ruling by a California appeals court. The California Fourth District Court of Appeals was pronouncing the ruling in a case where a defective replacement laptop battery caught fire and inflicted a woman with third-degree burns. Facebook has launched "Voting Information Center" on Facebook and Instagram platforms, with a view to boosting the number of Americans vote in the upcoming U.S. presidential election in November. The social media giant's latest initiative is expected to help 4 million voters register this year, and help them navigate a 'confusing election process'. Epic Games Inc., the developer of popular game Fortnite, has filed lawsuits against both Apple Inc. and Google after they removed the game from their app stores. The development reflects disputes related to app store fee the tech giants take from each purchase. Epic Games, which has been against the 30 percent revenue cut the two tech giants take from paid apps, added a direct payment option.
Follow RTT