Zynga Announces $200M In Share Buybacks In Its First Repurchasing Program

Zynga is giving another carrot to investors. The company is kicking off a $200 million share repurchasing program. It's the first time Zynga has ever done this. The news comes on the heels of fresh cost-cutting with layoffs for 5 percent of the company's workforce and potential closures for international offices in the U.K. and Japan. At the same time, the company just unveiled what could be a big new revenue stream in real-money gaming abroad. The company said it's partnering with bwin, a real-money gaming operator, to bring real money casino and poker games to the U.K.

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