After a long agreement process between Newtoy and Zynga , Newtoy has come to an agreement to be acquired by Zynga. The acquisition of Newtoy adds to Zynga’s already massive social gaming portfolio, which has more than 215 million gamers playing on a monthly basis.
No terms of the deal have been disclosed by either party but its thought Newtoy will continue with its Games With Friends franchise while helping Zynga develop mobile games.
“The Games With Friends franchise is the best social game experience available on mobile today and we are excited to welcome the Newtoy team to the Zynga family,” said Mark Pincus, founder and CEO of Zynga. “The Zynga With Friends Studio will continue to invent great mobile social game experiences for Zynga users everywhere.”
Paul Bettner, Newtoy CEO and co-founder, remains as a senior management role by becoming the vice president and general manger of the new Zynga With Friends Studio.
Via MashableFiled Under: Technology News