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Zynga Buys NaturalMotion For $527M, Will Lay Off 15% Of Workforce

Karyne LevyJan 31, 2014, 02:54 IST

Robert Galbraith / Reuters

Words With Friends game maker Zynga announced that it is acquiring U.K.-based gaming company NaturalMotion for $527 million in cash and equity.

The company also announced that it would be laying off about 15% of its workforce - that comes out to roughly 314 employees.

Although the company posted fourth-quarter revenue of $147 million, which is $6 million better than expected, user numbers continue to decline across the board.

"We can't wait to see what we can achieve together with Zynga," said Torsten Reil, CEO and co-founder of NaturalMotion, which makes the games CSR Racing and Clumsy Ninja.