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Zynga Announces Publishing Leadership Update

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Zynga Inc. (NASDAQ: ZNGA) announced the departure of Bernard Kim, President of Publishing, who will take on the role of CEO at Match Group. Kim will remain with Zynga until May 30, 2022, to aid in the transition. Zynga's CEO, Frank Gibeau, acknowledged Kim's significant contributions over the past six years, highlighting the company's growth in delivering engaging games. Zynga aims to continue its momentum as it integrates into the Take-Two family, promising an exciting future ahead.

Positive
  • Zynga's leadership team acknowledges the contributions of Bernard Kim over six years.
  • The company is poised for growth and innovation as it integrates into Take-Two.
Negative
  • The departure of a key executive could cause uncertainty among investors.

SAN FRANCISCO--(BUSINESS WIRE)-- Zynga Inc. (NASDAQ: ZNGA), a global leader in interactive entertainment, today announced that Bernard Kim, Zynga’s President of Publishing, is leaving the Company to become CEO of Match Group. Mr. Kim will remain with Zynga until May 30, 2022 to support transition efforts.

“For the last six years, Bernard has been a trusted partner to me and the entire leadership team as we have worked hard to deliver on our mission to connect the world through games,” said Frank Gibeau, CEO of Zynga. “Bernard has played an important role in our Company’s leadership team as we’ve broadened our offerings, built our presence in the industry and delivered unparalleled games to our players. On behalf of everyone at Zynga, we thank Bernard for his many contributions to Zynga and extend our sincerest congratulations on becoming CEO of Match Group.”

“Working with Frank and the entire Zynga team has been a privilege and one of the most rewarding experiences of my career,” said Bernard Kim. “I’m proud of what we have accomplished together and look forward to watching the team’s continued success as Zynga embarks on an exciting new chapter as part of the Take-Two family when the transaction is completed.”

About Zynga Inc.

Zynga is a global leader in interactive entertainment with a mission to connect the world through games. With massive global reach in more than 175 countries and regions, Zynga has a diverse portfolio of popular game franchises that have been downloaded more than four billion times on mobile including CSR Racing™, Empires & Puzzles™, FarmVille™, Golf Rival™, Hair Challenge™, Harry Potter: Puzzles & Spells™, High Heels!™, Merge Dragons!™, Merge Magic!™, Toon Blast™, Toy Blast™, Words With Friends™ and Zynga Poker™. With Chartboost, a leading mobile advertising and monetization platform, Zynga is an industry-leading next-generation platform with the ability to optimize programmatic advertising and yields at scale. Founded in 2007, Zynga is headquartered in California with locations in North America, Europe and Asia. For more information, visit www.zynga.com or follow Zynga on Twitter, Instagram, Facebook or the Zynga blog.

Investor Relations:

Investors@zynga.com

Corporate Press:

Kenny Johnston

Senior Director

Communications

Press@zynga.com

Source: Zynga

FAQ

What does Bernard Kim's departure mean for Zynga's future?

Bernard Kim's departure could create uncertainty; however, Zynga aims for continued growth and success within the Take-Two family.

When will Bernard Kim leave Zynga?

Bernard Kim will remain with Zynga until May 30, 2022, to assist with a smooth transition.

Who is Zynga's new CEO after Bernard Kim?

Zynga has not announced a new CEO yet; Bernard Kim is leaving to become the CEO of Match Group.

What impact does the executive change have on Zynga's stock?

Executive changes can affect stock performance; investors should be cautious as leadership transitions often create uncertainty.

What is Zynga's mission in the gaming industry?

Zynga's mission is to connect the world through games, offering a diverse portfolio of popular game franchises.

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