Updated: Rumors Suspect Microsoft Exec Headed to Zynga

 

Zynga CEO Mark Pincus Photo via Flickr /  jdlasica

Zynga CEO Mark Pincus, Photo via Flickr / jdlasica

 

Editor’s Update: Zynga and Microsoft have confirmed that Don Mattrick will be joining Zynga as a member of the Board of Directors and as new CEO. Mark Pinkus will remain at Zynga as its Chief Product Officer, as well as Chairman of the Board.

According to AllThingsD, the head of Microsoft’s Interactive Entertainment Division Don Mattrick could be leaving the company to accept a high profile position at Zynga.

Multiple sources close to the situation told All Things D that Mattrick could become the company’s CEO, or at the very least, will work in “close partnership” with Zynga’s current CEO and founder Mark Pincus.

Those same sources report that the announcement of Mattrick’s arrival at Zynga could be made as soon as the market closes today.

Mattrick’s work at Microsoft saw him overseeing the Xbox 360, Xbox Live, Microsoft’s music and video services, and the upcoming Xbox One. Mattrick came under fire after the company’s Xbox One reveal earlier this year, due to the console’s then requirement for daily online status checks and use game limitations. The company has since abandoned those policies.

At the time of this writing, Zynga’s stock was up 30 cents to $3.08 after the market’s opening this morning. The Facebook and mobile game developer has struggled to maintain momentum over the past few months, closing multiple games on both Facebook and iOS, and laying off over 500 employees and shutting down three offices last month.

More on this story as we have it…

 

 

 

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