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Fly News Breaks for May 30, 2018
ZNGA
May 30, 2018 | 10:43 EDT
After Zynga announced it had acquired privately-held mobile game maker Gram Games, Baird analyst Colin Sebastian said the deal is consistent with the company's previously laid out strategy around live services. He sees Zynga cross-selling titles across the respective gamer bases, creating customer acquisition efficiencies and improved monetization, and has confidence in Zynga management's recent execution track record, Sebastian tells investors. He keeps a Neutral rating and $4 price target on Zynga shares.
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