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Monday

Zynga Buys CSR & Clumsy Ninja Studio For $527 million

Social gaming behemoth Zynga has bought the studio responsible for the CSR racing games and Clumsy Ninja for $527 million.
 
It's a hefty price tag, but let's not forget that Clumsy Ninja clocked up an astonishing 10 million downloads in its first week, while CSR Racing was pulling in approximately $12 million-worth of in-app purchases every month during the peak of the game's popularity.
Around $390 million of the cash bonanza will be shared amongst NaturalMotion shareholders, although the report also notes that Zynga plans to let 314 employees go as part of cost-cuttting efforts.