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Last Update: 30-Nov-12 08:08 ET
Zynga (ZNGA) shares fall 9% following change in terms for Facebook (FB) game development
Facebook (FB $27.34 +0.13) and Zynga (ZNGA $2.36 -0.26) entered into amendment. These amendments to the respective addenda, which supplement and amend Facebook's standard terms and conditions for game developers, will apply to Zynga's use of the Facebook platform through May 13, 2015. The material terms of these amendments are summarized below. Under the terms of Amendment to Addendum No. 1, with respect to Zynga sites, such as www.zynga.com, Zynga may elect (i) not to use Facebook Payments as a means of payment and/or (ii) not to display ads served by Facebook. Under the terms of Amendment to Addendum No. 2, Zynga's use of the Facebook platform with respect to Zynga sites will, subject to certain transition provisions, be governed solely by Facebook's standard terms and conditions for game developers. In addition, Amendment to Addendum No. 2 implements a requirement that, subject to certain exceptions, Zynga must launch new social games on the Facebook site concurrent with, or shortly following, any launch on Zynga sites or third-party social platforms, and eliminates the requirement that Zynga use the Facebook platform as its primary non-Zynga platform to launch social games. Amendment to Addendum No. 2 also removes the requirement for Zynga to use the Facebook platform as the exclusive means of login with respect to games not hosted on the Facebook site. (FB)
