Zynga continues on its steady financial decline, as the studio has now been forced to close its Japanese studio. Back in November Zynga founder and CEO Mark Pincus mentioned that the Japanese office may be forced to close, and today Zynga Japan CEO Kenji Matsubara confirmed its closure on Facebook.
Matsubara reported that the company would be ceasing operations at the end of January, on the 31st. The company began back in July of 2010, with a $150 million investment from Softbank, a Japanese tech juggernaut.
The studio had been in trouble for some time, having already closed down three of its main titles: Montopia, a social RPG, Words with Friends crossover Mojitomo and city-builder Machitsuku. The last title standing is Ayakashi, a card-battling game that Matsubara promises will carry on even after the company closes.
Zynga’s downward spiral continues, and it’s uncertain at this point if anything can stop the company’s demise.
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