Zynga Inc (NASDAQ:ZNGA) and Electronic Arts Inc. (NASDAQ:EA) have settled various intellectual property claims on each other, according to a court filing. The filing, which was uncovered by AllThingsD.com, said that the dispute has been settled out of court. The size of the settlement, and if it had monetary value, has not been revealed. Electronic Arts Inc. (NASDAQ:EA) had initially sued Zynga Inc (NASDAQ:ZNGA) last August, claiming that the firm’s game The Ville was a direct copy of the EA offering The Sims Social. Zynga disputed that claim and counter-sued for unfair and anti-competitive business practices.Today’s settlement came quietly and without aplomb, neither company…
On This Page
This content is exclusively for paying members of Hedge Fund Alpha
Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha
Don’t have an account?
Subscribe now and get 7 days free!
