NEW YORK, NY / ACCESSWIRE / March 31, 2017 / Advances in technology and increased bandwidth speeds have been responsible for easy and affordable access to Internet gaming for people around the world. Apps from social media to mobile games have seen increased interest and competition from a number of vendors. These are two companies who are looking to find their niche in these markets.

RDI Initiates Coverage:

NQ Mobile Inc. https://ub.rdinvesting.com/news/?ticker=NQ

Zynga Inc. https://ub.rdinvesting.com/news/?ticker=ZNGA

NQ Mobile advanced 7.05% to close at $4.10 on Thursday. The stock traded between $4.40 and $4.02 on a volume of 2.47 million shares traded. The upswing was the result of an agreement with Tsinghua Tongfang of China to complete the FL Mobile Divestment and the sale of Showself's Live social video business. Tsinghua Tongfang will get a 63% equity interest in FL Mobile for a cash consideration of RMB2,520 million (Approximately $365.35 million USD) and a 65% equity interest in Beijing Showself for RMB800 million (Approximately $116 million USD) in cash.

Additionally, the terms of the agreement require Tsinghua Tongfang to pay RMB150 million (Approximately $21.75 million USD) in cash as a non-refundable earnest payment that will be applied towards payment of the purchase price. The remaining balance will be paid on or before May 31, 2017 once NQ Mobile delivers all of its equity interests in FL Mobile and Beijing Showself.

NQ Mobile is a global provider of mobile Internet services.

Access RDI's NQ Mobile Research Report at: https://ub.rdinvesting.com/news/?ticker=NQ

Zynga advanced 1.77% to close at $2.88 on Thursday. The stock traded between $2.95 and $2.825 on a volume of 22.85 million shares traded. The gains came as the result of the company's announcement of the March 16th launch of Boggle With Friends. This latest addition to Zynga's "With Friends" series, developed in collaboration with Hasbro, is a free-to-play game, designed for iPhone, iPad and Android devices, the app can be immediately downloaded from the App Store or Google play.

Zynga, the creator of Farmville and Texas HoldEm Poker was considered a hot stock in the 2012 IPO market, and it has subsequently lost its shine thereafter. It is just one of a number of companies who is trying to capitalize on the consistent growth of the mobile gaming industry. The company has narrowed down its losses to $35.4 million and $108.2 million for the fourth quarter and full year of 2016 respectively. With the increase in advertising revenue, the company has managed to narrow down its decline in its revenue with revenue of $741.4 million for the year 2016 as compared to revenue of $764.7 million reported for the year 2015. However, the decline in gaming revenue is still a concern for the company and investors, and with the launch of "Boggle with Friends", investors may be hopeful for better revenue growth. Zynga has reported $190.5 million revenue in the fourth quarter of 2016 and it expects revenue of $185 million and a net loss of $16 million for the current quarter.

Access RDI's Zynga Research Report at: https://ub.rdinvesting.com/news/?ticker=ZNGA

Our Actionable Research on NQ Mobile Inc. (NYSE: NQ) and Zynga Inc. (NASDAQ: ZNGA) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and reviewed by Nadia Noorani, CFA® charter holder. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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SOURCE: RDInvesting.com