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Zynga initiates cost-cutting drive; acquires mobile gaming studio

31st January 2014 9:39 am GMT

Social gaming giant Zynga has signed a deal to acquire mobile gaming studio NaturalMotion for approximately $527m in cash and equity, while at the same announcing a cost reduction plan designed to generate up to $35m in pre-tax savings in 2014.

The cost reduction plan will see the operator liable for a pre-tax restructuring charge of between $15m and $17m in the first quarter of the year. It will see around 15 per cent of its [...]

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