Electronic Arts Inc.’s PopCap Games, which makes titles played on Facebook Inc.’s website, fired about 10 percent of its staff as it moves to address a consumer shift toward mobile and free-to-play games.
Electronic Arts Inc., the second- largest U.S. video-game publisher, agreed to buy PopCap Games for as much as $1.3 billion in cash and stock to extend a drive into online titles played on websites like Facebook.
It’s a good thing for Kleiner Perkins Caufield & Byers that Bing Gordon really likes online video games. That made the venture firm into the biggest winner in Zynga Inc.’s initial public offering, poised to turn a $35 million investment into about $650 million.
Zynga Inc. merger chief Barry Cottle plans to step up the pace of acquisitions, spending hundreds of millions of dollars in search of a new social-gaming blockbuster on par with hits “FarmVille” and “CityVille.”
Electronic Arts Inc., the second- largest U.S. video-game publisher, tumbled after its forecasts for the current quarter and fiscal year fell short of analysts’ estimates. The company plans to cut jobs.
Zynga Inc., the largest maker of games for Facebook, declined in its first day of trading after raising $1 billion in an initial public offering that gave it a greater valuation than rival Electronic Arts Inc.