Institutional, strategic and private investors backed Finland-based gaming startup Next Games with $6 million in its latest funding round. The firm intends to roll out the mobile game version of "The Walking Dead" globally, VentureBeat reported.
San Francisco, California-based social games services provider Zynga Inc is laying off around 314 employees, or 15% of its workforce, as part of a cost reduction strategy to generate between $33 million to $35 million in savings for 2014.
The rising use of mobile computing has prompted the development of fresh technology startups around the world as international entrepreneurs hope to get a share of the markets for tablets and smartphones, the Financial Times reported.
Japanese firms Softbank Corp and games developer GungHo OnLine Entertainment had purchased a controlling stake in Supercell for USD1.53 billion.