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Zynga Buys Austin-Based Challenge Games

Gamasutra writes:

Social gaming giant and FarmVille developer Zynga is continuing its rapid expansion with the acquisition of Austin-based studio Challenge Games, which will now operate as Zynga Austin.

While Zynga did not disclose financial terms for the acquisition, it revealed that the Austin developer's co-founder and CEO Andrew Busey will now serve as general manager and vice president of the branch. The company will also integrate Challenge Games' team of 35 employees into its workforce.

Founded in 2006, Challenge Games specializes in casual online games built on a virtual goods business model. As Zynga Austin, the developer will continue to further develop its two most popular previously-released titles, collectible card game Warstorm and tycoon game Ponzi, Inc.

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