FILE- In this Tuesday, Oct. 11, 2011, file photo, Zynga CEO Mark Pincus speaks at a Zynga event, in San Francisco. Zynga Inc. said Thursday, Jan, 30, 2014, it was buying NaturalMotion, the company behind hit mobile games “CSR Racing” and “Clumsy Ninja,” for $527 million in cash and stock, while at the same time laying off 314 employees, or about 15 percent of its workforce, as it attempts a quick turnaround. (AP Photo/Jeff Chiu, File)
SAN FRANCISCO (AP) — Zynga Inc. said Thursday it is buying NaturalMotion, the company behind the hit mobile games “CSR Racing” and “Clumsy Ninja,” while cutting 15 percent of its workforce in a turnaround effort.
The company moved up the release of its fourth-quarter earnings results by a full week to coincide with the announcement of the $527 million acquisition and the job cuts. Investors sent its shares up 63 cents, or 18 percent, to $4.19 in after-hours trading.
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