in Mobile Gaming

M&A activity in app market remains high as Zynga goes Canada

“Zynga is crossing the border!” the company wrote in a blog post last Friday.

Social gaming giant Zynga has announced plans to establish a Canadian headquarters after scooping up Toronto-based mobile developer Five Mobile. The San Francisco-based company behind the popular Facebook games FarmVille and Mafia Wars announced the deal to acquire Five Mobile in a blog post on Friday.

“Today we are excited to announce a new addition to the Zynga family, the Toronto-based Five Mobile team. In addition to the team, Zynga is also acquiring certain assets and Intellectual Property developed by Five Mobile. Five Mobile, now Zynga Toronto, creates compelling, robust and scalable mobile applications.  The team has worked closely with some of the largest media and technology companies in North America across a multitude of platforms and handsets.” Financial terms of the deal were not released.

For Zynga – which recently filed a prospectus for an IPO – the acquisition is the 15th for the company in 13 months.

Small, profitable app developers with a proofen track-record are high up on the wish list these days. Check out G5 Entertainment!

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