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Games maker Zynga (ZNGA) surprised investors late Thursday with a $527 million acquisition, an earlier-than-expected earnings report that topped expectations and a new round of layoffs. Zynga said it’s laying off 314 employees, about 15% of its workforce, and that it will acquire U.K. gaming company NaturalMotion for $527 million in cash and stock. Zynga stock was up more than 18% in early afternoon trading in the stock market today, albeit still Scalper1 News
Scalper1 News