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Zynga seeks new harvest with mobile FarmVille game

Social games pioneer Zynga on Thursday released a version of the hit "FarmVille" tailored for smartphones and tablets in the hope of reaping a bumper crop of players. The San Francisco-based game maker set on its heels by a shift away from desktop computers is out to regain momentum with the mobile-format "Farmville 2: Country Escape" for iPhone, iPad and Android devices.

Zynga names former Best Buy executive chief financial officer

By Malathi Nayak SAN FRANCISCO (Reuters) - Zynga Inc has appointed former Best Buy executive David Lee its chief financial officer as Zynga continues reshuffling its ranks to try to return the "Farmville" creator to growth. Lee, 42, will step into the role on April 14 and replace current Chief Financial Officer Mark Vranesh who has decided to leave the company, the games publisher said in a statement.

Candy Crush maker King Digital shares sour in market debut

By Malathi Nayak (Reuters) - Shares in King Digital Entertainment Plc fell as much as 15 percent in their Wednesday debut, underscoring investor concern about the company's reliance on "Candy Crush Saga" and dampening hopes that its coming-out party could revive investor interest in the mobile gaming industry. Mobile game industry executives had looked to London-based King's IPO, the largest by a gaming company since Zynga Inc went public in 2011, to help sweep aside skepticism over a notoriously fickle, volatile market.

Candy Crush maker King sees sour Wall Street debut

King Digital, maker of the wildly popular Candy Crush video game, got a sour welcome on Wall Street Wednesday as shares tumbled some 15 percent in their first trading day. King's initial public offering (IPO) raised $500 million from the sale of 22.2 million shares, as the British company sought to capitalize on the popularity of Candy Crush Saga, which boasts some 97 million players worldwide.

'Candy Crush' maker King Digital's stock opens below IPO price in public debut

NEW YORK, N.Y. - A crush it isn't. Wall Street is giving King Digital, the company behind the popular mobile game "Candy Crush Saga," the cold shoulder in its public trading debut. King's stock priced at $22.50 on Tuesday, valuing the company at $7.1 billion. But it opened on Wednesday at $20.50, down almost 9 per cent. Its shares lost more ground by the day's close, falling more than 15 per cent. King Digital Entertainment PLC had $1.88 billion in revenue last year. That's more than 10 times its 2012 revenue of $164.4 million.

Candy Crush maker King in $500 mn Wall Street debut

King Digital Entertainment raised a sweet half-billion dollars on Wall Street, and now it is time for the market to show its taste for the makers of mobile game Candy Crush. The British game developer priced its initial public offering at $22.50 per share on the eve of the sart of public trading Wednesday on the New York Stock Exchange. King will trade under the ticker "KING" with an opening market valuation of $7.1 billion.

Candy Crush game maker's IPO to face investor scrutiny

By Malathi Nayak SAN FRANCISCO (Reuters) - King Digital Entertainment Plc's colorful "Candy Crush Saga" has gone viral on smartphones worldwide, but the company may struggle to replicate that enthusiasm with its upcoming initial public offering valuing the gaming company at $7.6 billion. The flotation this week will be closely watched in the fast-growing $17 billion mobile gaming industry, which is keen to emerge from the shadow of Zynga Inc, which has lost half its value since its 2011 IPO valued it at $8.9 billion.

After the Zynga flop, all eyes on King's coming-out party

By Malathi Nayak and Gerry Shih SAN FRANCISCO (Reuters) - King Digital Entertainment Plc struck gold with "Candy Crush Saga," the runaway hit that made its way onto hundreds of millions of smartphones and spawned a $1.5 billion franchise. Now, the rest of the smartphone game industry is waiting to see if King can pull off a coup in the public markets - and perhaps spur a mobile gaming IPO rush in the process.

Candy Crush maker sees IPO valuation up to $7.6 bn

The maker of the addictive mobile game Candy Crush hopes to raise as much as $532.8 million in a New York IPO that would value the company at up to $7.6 billion. King Digital Entertainment, the British developer behind the hit game, filed new documents on its much-awaited initial public offering that showed plans to sell 22.2 million shares at between $21 and $24 a share. That would give the company a market capitalization of between $6.6 billion and $7.6 billion.

Real estate boom threatens San Francisco's character

San Francisco, Mar 9 (EFE).- The arrival of the new generation of technology companies and the high salaries they pay to their employees has generated a real estate "boom" in San Francisco that is threatening to change the face of this emblematic city.
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