Zynga May Be Hiring Away Electronic Arts COO in Anticipation of Possible IPO

By Ed Silverstein April 26, 2011

Zynga, the social gaming company, is possibly hiring away the chief operating officer from Electronic Arts Inc., sources told Reuters this week. The move could indicate an IPO is possible.

The COO, John Schappert, will lead Zynga's game division, Reuters reported, citing unnamed sources.

Schappert has 17 years of experience in the game industry, according to the EA website.

After working as a game software engineer and project leader, he founded Tiburon Entertainment in 1994, which is the studio behind EA’s Madden NFL, NCAA Football and Tiger Woods games. Tiburon was acquired by EA in 1998.

In 2002, he moved to EA’s Burnaby Studio in British Columbia, Canada, and was promoted to senior vice president and group general manager for the company. He oversaw production of FIFA Soccer, NHL hockey, and Need For Speed. He was later named COO for EA’s Worldwide Studios and executive vice president, and oversaw EA’s Online Platform and Central Development Services Group.

In 2007, he went to Microsoft where he created the LIVE Software Division, an online services group for Xbox. He oversaw large franchises, including Halo, Gears of War and Forza Motorsport. Schappert and the team increased Xbox Live from 6 million to 20 million members.

In June 2009, he was named COO at EA, where he has been responsible for Worldwide Publishing, Online Platform Group, EA Interactive, Central Development Services and other divisions.

Given that Schappert has experience in management at a publicly-traded video game company, it may indicate Zynga could soon have an initial public offering, Reuters said. Zynga has seen a lot of growth recently with games such as FarmVille and CityVille.

Reuters adds that Zynga raised about $500 million from investors during most recent investment round, with the company valued at up to $10 billion.

EA has some 8,000 employees located worldwide. EA develops, publishes, and distributes software for video games, PCs, wireless devices and the Internet, according to the company’s website.

In February, Zynga had a value of between $7 billion and $9 billion, according to a report from The Wall Street Journal. That is a definite increase from a year ago, when the company gave a value of about $4 billion, according to TechZone360. The company is about three years old.




Ed Silverstein is a TechZone360 contributor. To read more of his articles, please visit his columnist page.

Edited by Jennifer Russell

TechZone360 Contributor

SHARE THIS ARTICLE
Related Articles

No Hackers Took Down Facebook; Hour's Outage Mostly Internal

By: Steve Anderson    1/28/2015

Facebook released a statement not long after the outage had hit, revealing that the cause of the shutdown was not "...the result of a third-party atta…

Read More

Why You'll Never See An iPhone with a Sapphire Screen

By: Rob Enderle    1/28/2015

Sapphire isn't as hard and while manufactures Sapphire may be fault free, any chipping can create an artificial fault that will cause a phone screen t…

Read More

2015 In Cybersecurity: Sadly, Another Bumpy Year is Ahead

By: TMCnet Special Guest    1/27/2015

After a rough 2014 for cybercrime, it would be great to say, "Oh, that speed bump is behind us," or, "We built some magic widgets that will solve the …

Read More

Content Translation in the Mobile Era: 3 Lessons to Learn the Easy Way

By: TMCnet Special Guest    1/26/2015

The tech industry is working hard to destroy the virtual Tower of Babel. If you only speak English and Skype a Spanish speaker Microsoft will now tran…

Read More

Super Bowl Sunday - Game on for TV Everywhere

By: Bob Wallace    1/22/2015

NBCUniversal is using the largest annual live sports viewing stage - the Super Bowl - to pitch consumers the benefit of a cable TV subscription - by o…

Read More