Don Mattrick Leaving Microsoft for Zynga; Will He Grow Company on Mobile?

Image: Don Mattrick Leaving Microsoft for Zynga; Will He Grow Company on Mobile?

Tuesday, 02 Jul 2013 11:04 AM

By Megan Anderle

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Don Mattrick, president of Microsoft’s Interactive Entertainment Business that centers on Xbox and all the software giant’s gaming and entertainment efforts, is leaving the company to become CEO of social gaming company Zynga, best known for creating “FarmVille" and "Words With Friends."

All Things D broke the news that Mattrick is leaving the lofty post for Zynga, which has been wrought with financial woes since its IPO in 2011. Mattrick has been reportedly working in close partnership with Zynga's founder and current CEO Mark Pincus.

Urgent: Supreme Court Right on Gay Marriage? Vote Here Now

Zynga's games were popular on the Web and on Facebook, but the presence has waned since the company has been struggling on the mobile front.

The financial difficulties forced Zynga to lay off 18 percent of its workforce by August — 520 employees — in a bid to reduce costs and more drastically restructure its troubled business toward mobile, sources said. The cuts will save the company $80 million in staffing expenses, and the total reduction is estimated to be even larger, as the company's New York, Los Angeles, and Dallas offices are closing as well.

Pincus, who has held the top job there since Zynga's founding, is putting a lot of trust in Mattrick to revive the company by relinquishing his power.

Mattrick, who has held a series of leadership positions including several jobs at gaming giant Electronic Arts, was also reportedly pursued by EA to run the company, after the CEO was ousted a few months ago, All Things D reported.

There is a massive restructuring being mulled by CEO Steve Ballmer at Microsoft, and many top managers are concerned about their fate. But the restructuring isn't why Mattrick's is jumping ship; Mattrick and Pincus have been in talks for some time, sources told All Things D.

Mattrick joined Microsoft in 2007. His gaming career started when he founded Distinctive Software when he was 17 years old, which EA acquired.

Mattrick has had a lot of success at Microsoft.

Editor's Note: Get the Navy SEALs Cap – Celebrate Our Heroes

According to his company bio, “since Mattrick began overseeing the Xbox division, the Xbox 360 installed base grew from 10 million to nearly 80 million worldwide while Xbox Live membership increased from 6 million to nearly 50 million.”

Microsoft's Xbox One is the tech giant's most prized device, as it revolutionizes home entertainment by incorporating multiple technologies, including cable, DVR, gaming systems, and a Blu-ray player. Xbox One became available in November.

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Send me more news as it happens.
 
 
Get me on The Wire
Send me more news as it happens.
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Top Stories

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved