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Facebook can now develop own games after amending Zynga deal

Published on Nov 30, 2012 6:53 AM
 
Picture taken on May 12, 2012 in Paris shows an illustration made with figurines set up in front of Facebook's homepage. Facebook Inc could now develop its own games for its platform as part of a new agreement reached with Zynga Inc, the largest publisher of games on Facebook, according to regulatory filings from the two companies on Thursday. -- PHOTO: AFP

SAN FRANCISCO (REUTERS) - Facebook Inc could now develop its own games for its platform as part of a new agreement reached with Zynga Inc, the largest publisher of games on Facebook, according to regulatory filings from the two companies on Thursday.

Under the new agreement, Zynga could elect not to use Facebook's payments mechanism to collect revenue or display Facebook's ads.

The two social Internet companies, which went public within seven months of each other, have been intimately tied. In recent quarters fees from Zynga have constituted more than 15 per cent of Facebook's total revenues.

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