Zynga snaps up VC-backed Gram Games for $250m

Zynga bought the company for $250m in cash and a three-year earn-out based on the team achieving profitability goals.

By acquiring Gram Games, Zynga said it was expanding its portfolio of live game franchises. It plans on applying its live services experience to grow the Gram Games portfolio.

Previous funding
Hummingbird led a growth capital funding round in Gram Games, investing $600,000 alongside business angels in January 2014. The funding was aimed at the growth of strategy game Railroad Gangs.

Company
Founded in 2012 and headquartered in Istanbul, Gram Games is a developer and designer of games for use on mobile platforms. It mainly focuses on social games in the casual and puzzle segments, and is best known for its Merge Dragons! game. The company employs a staff of 77 with studios in London and Istanbul.

People
Zynga – Frank Gibeau (CEO).
Gram Games – Mehmet Ecevit (CEO).

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