Zynga Confirms $150M Investment From Softbank
Coinciding with Softbank’s stock earnings release today, Zynga has finally put out a press release confirming a $150 million investment from the Japanese tech giant. The partnership first came to light through VentureBeat in April, and by last month a $147 million investment was being reported.
Although there’s not much new in the release, it does note that Zynga will “leverage Softbank’s cutting edge mobile and Web technology,” which confirms that Zynga not only intends to localize its existing games but also work to tap into Japan’s lucrative mobile market.
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