Zynga, once one of Silicon Valley's fastest-growing companies, suffered a dramatic reversal of fortunes in 2012 as gamers switched from Facebook-based games to those on mobile devices.
Shares were up about 7 percent in extended trading hours.
Mark Pincus, who stepped down as CEO of the gaming company in 2013, is reclaiming the title.
The 'FarmVille' maker is accused of defrauding shareholders about its prospects before and after going public in 2011.
Allegations say the creator of FarmVille breached his duty of loyalty to shareholders.
Some of the companies that are expected to falter next year are headed by entrepreneurs you're very familiar with.
In the mercurial world of casual gaming, once prominent players have struggled to adapt to industry trends.
Mark Pincus's departure from Zynga is a reminder that the skills needed to start a company are very different from those required to successfully manage its growth.
The maker of the wildly popular Candy Crush game has had a disastrous public debut. What might that mean for private companies in the gaming space?
Disney's struggling video game and digital media subsidiary slashed its workforce by 26 percent on Thursday.
Dublin-based King Media Entertainment filed for an initial public offering early this morning, as investors questioned the company's long-term prospects.
The struggling gaming company is letting 15 percent of its employees go while making way for a new addition in the acquisition of U.K. competitor NaturalMotion.
Business owners are increasingly throwing out the rulebook when it comes to playing the name game. Here are the anecdotes behind 10 of our favorites.