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Morning Metaverse

[May 09, 2012, 10:54 am ET] - Share - Viewing Comments

Zynga Shares Hit New Low After EA Boss Criticism. Thanks Neutronbeam.

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Re: Morning Metaverse

May 9, 2012, 13:48

killer_roach

Creston wrote on May 9, 2012, 12:16: EA CEO John Ricitieieieitielelelo, after having recently spent 1.25 billion dollars on Popcap, and other notable acquisitions such as Bioware for 640 million dollars, and Mythic software (now no longer in existence) for ~300 million dollars, says that Zynga paid waaaaaay too much for whatever for 180 million dollars. Or, to summarize: Pot to kettle: "You are black." Creston Zynga's market cap: $6.57 billion EA's market cap: $4.89 billion Needless to say, those numbers should seem as out of whack as they appear (especially considering EA, unlike Zynga, was profitable last quarter).

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Comment [quote="killer_roach"May 9, 2012, 13:48][quote="Creston"May 9, 2012, 12:16]EA CEO John Ricitieieieitielelelo, after having recently spent 1.25 billion dollars on Popcap, and other notable acquisitions such as Bioware for 640 million dollars, and Mythic software (now no longer in existence) for ~300 million dollars, says that Zynga paid waaaaaay too much for whatever for 180 million dollars. Or, to summarize: Pot to kettle: "You are black." Creston [/quote] Zynga's market cap: $6.57 billion EA's market cap: $4.89 billion Needless to say, those numbers should seem as out of whack as they appear (especially considering EA, unlike Zynga, was profitable last quarter). [/quote]

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