Zynga acquires new York developer Area/Code
Social games giant Zynga has acquired New York developer Area/Code, renaming the studio Zynga New York.
Zynga Inc. is close to raising as much as $500 million from a group of investors in a round of financing that could value the maker of CityVille, FarmVille and other popular Facebook games as high as $10 billion, according to people familiar with the matter.