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Strategies & Market Trends : Contrarian Investing

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To: pcyhuang who wrote (3999)1/31/2014 4:39:14 AM
From: pcyhuang1 Recommendation

Recommended By
Julius Wong

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ZNGA Resumes Trading, +22.5% After Hour

Zynga resumes trading, shares +22.5% AH • 4:57 PM

Investors are giving a thumbs-up to Zynga's ( ZNGA) Q4 beat and $527M acquisition of mobile game developer NaturalMotion.In NaturalMotion, Zynga is getting a company that has shown a knack for effectively monetizing popular games via in-app purchases - CSR Racing has spent many months near the top of App Store leaderboards for top-grossing apps. The company also owns an advanced animation engine ( Euphoria) for providing lifelike human motion.Following the acquisition's closing, Zynga expects NaturalMotion to produce 2014 bookings of $70M-$80M and adjusted EBITDA of $15M-$25M.
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