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US: Zynga buys 1010 maker Gram Games for US$250m

By  |  May 30, 2018

Zynga has acquired 1010 mobile game maker Gram Games for US$250 million in cash plus other considerations.

Frank Gibeau, CEO of San Francisco-based Zynga, said in an interview with GamesBeat that the company will also pay an earnout, or bonus, over three years if Gram Games hits unspecified financial targets.

Gram Games has studios in Istanbul, Turkey, where it was founded in 2012, and in London. Gram Games currently has nine live games, including 1010 and Merge Dragons, which is a top-50-grossing game in the US.

Zynga will add Gram’s 77 employees to its roster, and Gibeau said the deal could add to the company’s “forever franchises,” or long-life live services games such as Zynga’s Words With Friends franchise.

Full Content: Reuters

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