ZYNGA BUYS UK GAME-MAKER NATURALMOTION FOR $527M

Social gaming firm Zynga has announced the purchase of UK game-maker NaturalMotion for $527m (£320m).Oxford-based NaturalMotion has had a string of mobile game hits, such as CSR Racing and Clumsy Ninja. Its purchase gives Zynga an entry into the lucrative mobile games market. As news of the deal emerged, Zynga also reported a loss of $25m for the fourth quarter. It said it would trim its workforce by 15% - equivalent to about 314 jobs. Zynga announced it will lay off 15% of its staff, or around 314 people