SFist revealed that US social gaming company Zynga plans to sell its headquarter building which locates in San Francisco.

Until now, it has 2,300 employees. It decreased one-third employees than its peak. It means that Zynga doesn’t need so much space for work. Its headquarter building was acquired at $ 228 million. Sega America set down its headquarter there. The building gets the capital appreciation due to the real estate development in San Francisco.

Zynga confirmed the news that it would sell its headquarter building and claimed that it mentioned this proposal at Q4 earning report meeting. The company will rent some offices for work at this building then. The company is still discussing the effective solutions now.

Zynga was established in 2007. Its business was extended to European and American areas due to the rise of Facebook games. Its IPO market value reached $ 9 billion by the end of 2011. However, it was in a dilemma since then. It turned its business into mobile games. The users of Facebook games decreased gradually.

To speed up the transition, CEO Mark Pincus hired ex EA and Microsoft officer Don Mattrick to innovate the business. He dismissed the former Zynga management group and acquired NaturalMotion at $527 million. It turned out that the transition was difficult and Don Mattrick left Zynga in April, 2015.

In the past three quarters, Zynga performance did better and and made both ends meet. Overall, it is still in a deficit situation due to the former invested losses. Its current market value is $1.9 billion and the investors get more patience for its transition.