Zynga buys social gaming company Conduitlabs

Beijing time August 18 morning news, according to foreign media reported today, social game developer Zynga today announced the acquisition of Conduit Labs, a social gaming company based in Boston. This is Zynga's fourth takeover deal in recent months.　　Zynga did not disclose the price of the acquisition. Zynga has just acquired challenge Games, a social gaming company, but it does not seem to be popular with investors.　　Zynga acquired XPD Media, a social gaming company, this May and acquired Unoh, the Japanese social gaming company, earlier this month. Upon completion of the acquisition, Conduit Labs will immediately become a Zynga Boston studio with business focused on new product development.　　Zynga has opened Game studios in San Francisco, Austin, Baltimore, Bangalore, Beijing and Los Angeles. In addition, Conduit Labs CEO Nabille Haite (Nabeel Hyatt) will be in charge of the new Boston studio.　　Conduit Labs employees will be immediately merged into Zynga's work team.　　The two sides did not disclose other details of the agreement. Conduit Labs was established in 2007 to finance a total of $8.5 million from Charles River Ventures and Prism Ventureworks two venture capital companies.　　The company has developed a number of free online social games. Mike Verdu, senior vice president of Zynga Gaming, said: "Boston is a technology center and has a strong talent market, which is the ideal place for us to expand our business Maik Vidoux." Conduit Labs is the leading social gaming company in the Boston area, whose team has a similar culture and philosophy with Zynga, and we look forward to creating greater success in the new studio. "Zynga's recent announcement of a joint venture with Japan's soft silver (SoftBank) and the acquisition of Conduit Labs today shows Zynga's ambition to expand its business globally. It will also create more opportunities for Zynga to develop a global gaming business. (Shuko)