Despite refusing to discuss the subject in its Wednesday conference call, Zynga has confirmed - by way of a new SEC filing - that it paid approximately $180 million cash for Draw Something developer OMGPOP.
It would seem that rumours speculating on the value of the acquisition were spot-on, then, although the reported $30 million earn-out remains unconfirmed for now.
Drawsome
While these figures initially seem eye-wateringly high, we argued the price was a fair one for the 40-strong studio, whose breakout hit Draw Something currently sees 12-13 million daily active users across Facebook and mobile.
And since Zynga has almost $2 billion in cash, cash equivalents, and marketable securities, the purchase accounts for less than 10 percent of its warchest.
"On March 21, 2012, we acquired 100% of the outstanding stock of OMGPOP, Inc., a provider of social games for mobile phones, tablets and PCs, for purchase consideration of approximately $180 million in cash," reads the filing.
"We acquired OMGPOP to expand our social games offerings. We will include the financial results of OMGPOP in our consolidated financial statements from the date of acquisition."
[source: SEC filing]
News
Related Articles
News
Jun 9th, 2024
PocketGamer.biz Podcast Week in Mobile Games E15 - Star Wars: Hunters finally launches, the West's MOBA problem, and Xbox handheld rumours
News
Jun 7th, 2024
Week in Views - The hunt for the new Star Wars game, Xbox goes handheld, and cats versus monsters…
Feature
Jun 7th, 2024
New release roundup: The best new mobile games from RPG roguelikes to a Star Wars surprise
Top Stories
News
Jun 9th, 2024
PocketGamer.biz Podcast Week in Mobile Games E15 - Star Wars: Hunters finally launches, the West's MOBA problem, and Xbox handheld rumours
News
Jun 7th, 2024
Week in Views - The hunt for the new Star Wars game, Xbox goes handheld, and cats versus monsters…
News
Jun 7th, 2024
Week in Views - The hunt for the new Star Wars game, Xbox goes handheld, and cats versus monsters…
News
Jun 7th, 2024
Metacore's Teppo Soininen: “Anybody who has put a game into soft launch knows there’s still plenty of space for f*ck ups.”
Events
Tribeca Games Festival 2024 | North America | Jun 5th |
Steam Next Fest: June 2024 Edition | Jun 10th | |
GamesForum Hamburg 2024 | Europe | Jun 11th |
WN Conference Istanbul 2024 | Jun 11th | |
ESI London 2024 | Europe | Jun 13th |
DevGAMM Vilnius 2024 | Europe | Jun 14th |
Game Con Canada (GCC) 2024 | North America | Jun 14th |
Indie Dev Play 2024 | Europe | Jun 14th |