Friday, June 4, 2010
Challenges Games Pricetag Includes $20.5M In Stock
The acquisition price for Austin-based Challenge Games looks to be around $20.5M in stock, based on a regulatory filing from Zynga Friday. According to the filing, Zynga issued $20,571,454 in stock in relation with what appears to be the recent acquisition of Challenge Games. The price of the acquisition had not previously been disclosed. Challenge was backed by Sequoia Capital and Globespan Capital Partners, and had raised around $14.5M in funding.