Gamasutra is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.


Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
November 19, 2019
arrowPress Releases







If you enjoy reading this site, you might also want to check out these UBM Tech sites:


Zynga sells headquarters for $600 million to help finance acquisitions

Zynga sells headquarters for $600 million to help finance acquisitions

May 29, 2019 | By Chris Kerr




Social and mobile game developer Zynga has sold its San Francisco headquarters for $600 million, and intends to use some of the cash to finance further acquisitions. 

The FarmVille and Words with Friends maker sold the building to Beacon Capital Partners, and plans to lease it back immediately to save uprooting its employees.

As reported by VentureBeat, the company bought the office block for $234 million back in 2012, meaning it's made a tidy profit from the sale. 

"We are building up our reserves," commented company CEO, Frank Gibeau. "It's a nice gain for our shareholders and we’ll put it into cash, minus the transfer costs. The goal is to grow as we’ve done with Gram, Small Giant, and Peak."

"We’ll invest in running the business, acquisitions, and our current buyback program. We will make sure we do the right thing."

Last year, the company made some notable purchases, buying Merge Dragons! developer Gram Games for $250 million, and Empires and Puzzles creator Small Giant Games for $560 million.



Related Jobs

Sucker Punch Productions
Sucker Punch Productions — Bellevue, Washington, United States
[11.18.19]

QA Tester
Insomniac Games
Insomniac Games — Burbank, California, United States
[11.18.19]

Sr. Project Manager
Insomniac Games
Insomniac Games — Burbank, California, United States
[11.18.19]

Lead Level Designer
Insomniac Games
Insomniac Games — Burbank, California, United States
[11.18.19]

Lighting Artist









Loading Comments

loader image