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Zynga adds Buzz Monkey to its quiver

Mark Raby

Social gaming giant Zynga has decided to make yet another acquisition. The company has purchased a company called Buzz Monkey. The amount of money it paid was not reported, which means it was not excessive. Very large acquisitions need to be reported to the Securities and Exchange Commission (SEC). Buzz Monkey proved itself with games

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source: www.slashgear.com

5 Jun 2012

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OpenFeint’s Eros Resmini Leaves GREE For EIR Role With Peter Relan

techcrunch.com Kim-Mai Cutler 110 days ago

gaming platforms

social gaming

relan

developer relations

game developer

Eros Resmini, who oversaw developer relations for mobile-social gaming network OpenFeint through its $104 million acquisition by GREE, just left the Japanese gaming company not long after it transitioned its platform building strategy back to headquarters in Tokyo, Japan. He’s taking an entrepreneur-in-residence role with Peter Relan, who created gaming-centric incubator YouWeb and was a co-founder of mobile game developer Crowdstar, OpenFeint and HTML5 gaming startup Spaceport. Resmini couldn’t share any details on his next project, except that it won’t be in gaming and it w... Read similar

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Google announces Q4 2012 earnings: impressive revenues of $14.42 billion, excluding Motorola Home

www.engadget.com Terrence O'Brien 123 days ago

Earnings season is swinging into high gear and today's big player is Google. The internet giant just announced its earnings for the fourth quarter of 2012, and unsurprisingly it's still raking in the dough. For the three month period ending December 31st, 2012 the company pulled in $14.42 billion in revenue -- a staggering 36 percent increase year-over-year. That doesn't even include revenue generated by Motorola's recently spun off Home division, which would have pushed the total to $15.24 billion. 2012 also marked the first year that the company broke the $50 billion barrier for total reve... Read similar

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Betable Nabs The Guy Behind Zynga’s Recent Deal To Enter Real-Money Gaming

techcrunch.com Kim-Mai Cutler 129 days ago

Betable, a San Francisco-based startup that makes it easier for casino-style game developers to offer players real money bets instead of virtual currency ones, just nabbed Jonathan Flesher. He was the vice president of business development that orchestrated Zynga’s recent partnership with bwin.party, an online gambling operator in the U.K. He’ll become Betable’s executive vice president of business development, where he’ll do everything from sign developers, push licensing forward in other territories and sign other strategic partnerships. Before Zynga, he was a directo... Read similar

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Will Zynga Emerge As A Gaming Company Or Gambling Company?

techcrunch.com Kim-Mai Cutler 167 days ago

gaming possibilities

profit pressures

mobile platforms

cash and marketable securities

mercenary company

There is more than a bit of schadenfreude among longtime insiders in the gaming industry at Zynga’s performance over the last year. The company has fallen from a private, pre-IPO valuation of around $14 billion to just $2 billion over the past year as it failed to maintain growth on the Facebook platform and didn’t transition quickly enough to compensate on Android and iOS. At a $2 billion market cap, Zynga isn’t worth that much more than the $1.6 billion in cash and marketable securities it had at the end of the last quarter. But now that shares are up more than 10 percent s... Read similar

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More Layoffs And Downsizing At Vostu, South America's One-Time Frontrunner in Gaming

techcrunch.com Kim-Mai Cutler 75 days ago

accel partners

tiger technology

layoffs and downsizing

ipo performance

kabam

Vostu, the onetime darling of the social gaming world in South America, appears to have just had a fresh round of layoffs over the last few weeks. Multiple sources who have worked with the company said that Vostu laid off about 100 people and is now down to somewhere between 50 and 70 employees. Vostu has not replied to multiple requests for comment. This is a huge decline for the company, which took at least $46 million in funding from investors including Accel Partners, Tiger Technology Global, Intel Capital and General Catalyst. At the end of 2011, the company had around 580 employees sprea... Read similar

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Not So Fast: Avis’ Proposed $500M Zipcar Buy Being Investigated For Short-Changing Shareholders

techcrunch.com Ingrid Lunden 143 days ago

ipo value

litigation firm

acquisition price

securities litigation

zipcar

Earlier today the sharing economy startup world was abruptly awoken from its holiday slumber with the news that car rental giant Avis would buy car-sharing company Zipcar for $500 million. No sooner had the news gotten out, though, that some shareholders in Zipcar have cried foul. The securities litigation firm of Powers Taylor, along with Willie Briscoe, the ex-U.S. SEC attorney, today announced that they would be investigating and possibly filing a lawsuit to block the deal. The premise: a $500 million acquisition price works out to shareholders getting $12.25 in cash for each share, below Z... Read similar

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Al Gore Buys 59,000 Apple Shares For Just $7.475 Per Share

www.iphoneincanada.ca Usman 127 days ago

former vice president

According to a filing with the Securities and Exchange Commission, former Vice President and Apple board member Al Gore has bought 59,000 shares of the company for just $7.475 per stock by exercising his Apple stock options, CNET reports. Gore’s total investment in Apple is now worth around $29.5 million. The report notes that Al Gore paid around $441,000...Al Gore Buys 59,000 Apple Shares For Just $7.475 Per Share is a post from: iPhone in Canada Blog - Canada's #1 iPhone Resource Read similar

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SEC: Companies can share business data on social media

www.engadget.com Daniel Cooper 52 days ago

elon musk

reed hastings

securities and exchange commission

uproar

sensitive data

When Netflix CEO Reed Hastings took to Facebook last year to announce that the service had exceeded one billion viewing hours in a month for the first time, the financial world was in uproar. After all, there are rules and regulations concerning when sensitive data about a company's successes and failures can be made public. Since then, however, the Securities and Exchange Commission has done some thinking, and in trying to keep up with social savvy CEOs like Hastings and compulsive tweeter Elon Musk, has ruled that such disclosures can be made, as long as shareholders are notified about whi... Read similar

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Kiva Piloting Microlending For U.S. Small Biz, Clinton Says It's ‘A Very Big Deal'

techcrunch.com Gregory Ferenstein 64 days ago

zip pilot

president bill clinton

world entrepreneurs

securities and exchange commission

small business owners

Do you have a favorite coffee shop or dressmaker in your neighborhood? Now you can do a lot more than simply rave about your favorite local business to a friend: microloan giant, Kiva, is bringing crowdfunding to U.S. businesses. Normally reserved for struggling, developing-world entrepreneurs, Kiva is piloting a new project, called Zip, to allow small business owners to solicit micro-investments from their neighbors. “This is a very big deal,” said President Bill Clinton, announcing the Zip pilot project in his hometown of Little Rock, Ark. “We have gotten ourselves in a sit... Read similar

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Zynga applies for Nevada gambling license to bring real-money gambling online

www.slashgear.com Craig Lloyd 170 days ago

nevada gaming control

nevada gaming control board

gaming control board

virtual currency

mark pincus

Back in July, Zynga CEO Mark Pincus announced that the company was pursuing a gambling license in Nevada that would see Zynga offering real-money gambling games online. The company made its first move yesterday by filing the initial application with the Nevada Gaming Control Board. Previously, Zynga only allowed betting with virtual currency in games Read The Full StoryRead similar

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Four of the Highest-Paid Executives in the US are Apple Lieutenants

www.iphoneincanada.ca István Fekete 40 days ago

peter oppenheimer

apple employees

bob mansfield

securities and exchange commission

jeffrey williams

Four of the five highest-paid employees at S&P 500 companies are Apple employees: Bob Mansfield, Bruce Sewell, Jeffrey Williams and Peter Oppenheimer, according to data filed with the US Securities and Exchange Commission, after roughly 80% of the 500 companies submitted their numbers by April 12. Mansfield’s compensation package — including base salary, bonus, equity...Four of the Highest-Paid Executives in the US are Apple Lieutenants is a post from: iPhone in Canada Blog - Canada's #1 iPhone Resource Read similar

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Mobile Gaming Network Applifier Raises $4M Led By Finland’s Lifeline Ventures

techcrunch.com Kim-Mai Cutler 164 days ago

Applifier, which just launched a new platform for gamers to share replays of their best gaming moments, raised a Series B round of funding led by Finland’s Lifeline Ventures. The $4 million round also included existing investors like MHS Capital and PROFounders along with one more new one in Webb Investment Network. Angel investors like Zynga India general manager Steven Lurie, Anthony Soohoo, Philip Reisberger, David Wright and Tekes, which is the Finnish Funding Agency for Technology and Innovation, also participated. Applifier, which started out on the Facebook platform, pivoted large... Read similar

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The Complete Timeline Of Zynga's Disastrous 2012 (ZNGA)

www.businessinsider.com Owen Thomas 145 days ago

video game industry

mark pincus

indiana jones adventure

ceo mark

social games

Only nine months ago, Zynga was worth $11.5 billion, pumping out new games every month at breakneck speed. It seems so far away in time, given everything that's happened since. Zynga's stock is stuck in the doldrums and it's shuttering 11 older games like PetVille and Indiana Jones Adventure World that failed to keep large audiences. It's just more bad news in a year full of bad news for Zynga. 2011 was a very good year. Zynga had just gone public. The paint had barely dried on its gleaming, brick-clad Dog House headquarters on the western edge of San Francisco's South of Market dist... Read similar

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Zynga COO David Ko Emphasizes “Discipline” For Future Acquisitions

techcrunch.com Kim-Mai Cutler 109 days ago

A year ago, fresh off raising $1 billion from an IPO and the $180 million acquisition of red-hot gaming company OMGPOP, Zynga’s Mark Pincus did an interview with talk of doing “a few” OMGPOP-sized deals in the next few years. But after a tough transition year and a more than 75 percent decline in the company’s share price, Zynga is speaking much more conservatively about its approach to acquisitions. Zynga had $1.65 billion in cash, short-term and long-term investments at the end of last year, representing one of the larger warchests in the gaming industry for acquisiti... Read similar

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iOS and Android game spending surpasses dedicated handhelds in Q4 2012

www.slashgear.com Craig Lloyd 93 days ago

This may not be too much of a surprise given the improvement of games on smartphones and tablets lately, but it looks like the amount of money people are spending on iOS and Android games has actually surpassed the amount of money people are spending on dedicated handheld gaming, like the Nintendo DS and the Read The Full StoryRead similar

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WSJ: Microsoft, unnamed business partners being investigated by US government over foreign bribery

www.engadget.com Ben Gilbert 67 days ago

foreign government officials

government inquiries

us justice department

software contracts

securities and exchange commission

Microsoft is under investigation by United States regulators over software bribery claims involving foreign government officials, the Wall Street Journal reports, citing "people familiar with the matter." The piece says both the US Justice Department and the Securities and Exchange Commission are looking into the Redmond, Washington-based software giant, investigating allegations of kickbacks in China, and its "relationship with certain resellers and consultants in Romania and Italy." Though neither the Justice Department nor the SEC would confirm the investigation, Microsoft told the WSJ, "... Read similar

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Google's $100 Million Man: The Neal Mohan Story

www.businessinsider.com Nicholas Carlson 49 days ago

Two years ago, Twitter was in disarray. On April 14, 2011, Fortune's Jessi Hempel blasted Twitter for failing to launch exciting new products, generate meaningful revenues, or hang on to executive talent. None of this was news to Twitter's board members or CEO Dick Costolo, of course. They'd spent the months prior trying to turn Twitter into "a real company" after years of neglectful management. The first step: hire a chief product officer. The board wanted someone who could fix the company's internal turmoil, revamp its product lineup, and get advertisers spending billi... Read similar

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Amazon posts $21.27 billion in 2012 Q4 revenues, makes tinier profit of $97 million

www.engadget.com Jon Fingas 116 days ago

twelve months ended december

jeff bezos

corporate office space

bestseller charts

free cash flow

It's still the same old story, really. Amazon pulls in revenues equal to a small nation's GDP and makes a small profit for itself in the process. In this case, particularly small. Jeff Bezos' little company that could has posted fourth-quarter turnover of $21.27 billion, a 22 percent increase, but a net profit of $97 million that's down 45 percent from a year earlier. The discrepancy is attributed to a shift in reading habits that Bezos claims the company was expecting. Kindle downloads have been growing quickly, but old-fashioned paper book sales grew just 5 percent in December -- the lowes... Read similar

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Obama To Name New SEC Chair, Crowdfunding May Finally Move Foward

techcrunch.com Gregory Ferenstein 121 days ago

technology startups

accredited investors

mary jo white

securities and exchange commission

southern district of new york

President Obama will reportedly name former attorney general for the Southern District of New York, Mary Jo White, to the top spot at the Securities and Exchange Commission (SEC). Technology startups have been eager for the SEC to approval rules for "crowdfunding" (raising capital from family, friends, and other non-accredited investors) but the process was stalled by a mini-scandal with the former SEC boss and her subsequent departure.Read similar

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Microsoft Being Probed For Bribery By U.S. Investigators

techcrunch.com Gregory Ferenstein 67 days ago

customer loyalty program

anonymous tipster

corrupt practices act

private lawsuits

procurement officials

Federal regulators are investigating Microsoft for allegedly bribing foreign governments for favor in software contracts. “Lawyers from the Justice Department and the Securities and Exchange Commission are examining kickback allegations made by a former Microsoft representative in China, as well as the company’s relationship with certain resellers and consultants in Romania and Italy,” sources familiar with the allegations, tell The Wall Street Journal, which broke the story earlier today. An anonymous tipster alleges that Microsoft’s China division instructed him to of... Read similar

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