Running With Friends
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Running With Friends
Zynga with Friends (formerly Newtoy, Inc.) was a video game developer founded in 2008 by brotherPaul Bettnerand David Bettner, and their cousin Michael Chow. In November 2008, Newtoy, Inc. released its first game for the iPhone and iPod touch, ''Chess with Friends'', an asynchronous multiplayer game released for the Apple Inc., Apple App Store (iOS), App Store. In August the following year, it released its second game for iPhone and iPod touch, ''Words with Friends'', another asynchronous multiplayer game with gameplay similar to ''Scrabble'', which ultimately became their best known game. In November 2010, the company was acquired by Zynga for $53.3 million and an undisclosed amount of stock. Following the acquisition, the studio would be rebranded to Zynga with Friends in December of that year. Newtoy would be the company's fourteenth acquisition within its peak years. Nearly two years since the studio's latest release, Zynga with Friends would release the company's third title ...
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Subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different Industry (e ...
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