New Zynga Resignation, Intel Buys ZiiLabs: Tech Biz Recap
In another high-profile resignation from Zynga (NASDAQ:ZNGA), Vice President of Business Development Jonathan Flesher has stepped down effective November 9th, say sources who would know. Flesher has not commented, but it’s said that increased family time was in the mix and that he also wants new challenges and opportunities. During his tenure at Zynga, he worked on several collaborations, among which included arrangements with Google+ (NASDAQ:GOOG), AOL (NYSE:AOL), and Yahoo!.
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Intel Corporation (NASDAQ:INTC) buys Creative Technology’s United Kingdom subsidiary, ZiiLabs Limited, as a part of a $50 million transaction and will license Creative’s chip tech for $20 million. The remaining $30 million will pay for the acquisition of the engineering resources and assets of ZiiLabs Limited which was formerly known as 3DLabs. Meanwhile, Creative Technology is said to be in the midst of diversifying its business in the U.K.
Research In Motion’s (NASDAQ:RIMM) BlackBerry 10 gets a thumbs-up from developed market carriers, according to the Jeffco quarterly handset survey, as they now share a much more positive attitude towards the device. Analyst Peter Misek at Jeffco, in response, has upgraded the firm from Underperform to Hold and also opines that the shares could hit around $43 in 12 months assuming that all goes well as he thinks that the BB10 might hold a probability of success between 20 and 30 percent.