Zynga to buy social gaming developer Serious Business

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In just two-plus years, social gaming is proving to be a lucrative business for Internet start-ups, particularly for the largest maker of these games, Zynga Inc.

The San Francisco company, founded in 2007, has put some of the $180 million it raised in December to work, acquiring smaller and younger rival Serious Business Inc., also backed by venture capital. Terms of the deal weren’t disclosed.

Full story: UPDATE: Zynga To Buy Social Gaming Developer Serious Business –