Zynga buying 80% of SGG - STAFF RESPONSE POST 27 & 111

Latest update

1 Like

Found this interesting

The EQT Ventures fund (“EQT Ventures”) today announces that it entered an agreement to sell its ownership stake in the Finnish mobile gaming studio, Small Giant Games (“the Company”) to Zynga Inc. (Nasdaq: ZNGA), a leading social game developer, headquartered in San Francisco, California. The implied valuation of the Small Giant Games transaction is at USD 700 million. EQT Ventures led a USD 5.7 million Series A round in March 2017 and then led an additional USD 41 million investment in January 2018.

(https://www.eqtgroup.com/news/Press-Releases/2018/first-exit-by-eqt-ventures---sells-stake-in-small-giant-games-at-usd-700-million-valuation/)

This hasn’t aged well.

14 Likes

No it hasn’t, and it wasn’t particularly believable at the time either.

2 Likes

Wondering if he already quited the company

2 Likes