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
Feb 13th, 2024
Mobile revenue exceeds Take-Two’s expectations, making over $2 billion in nine months
Top Stories
Feature
Apr 25th, 2024
"Gaming in MENA is just starting. Investment will bring more attention to the region and create more opportunities"
Feature
Apr 24th, 2024
48 top mobile games in soft launch: Squad Busters, CSR 3, Plants vs. Zombies 3, LEGO Hill Climb Adventures, and more
Events
Esports Future Summit | Middle East | Apr 27th |
Dubai GameExpo Summit 2024 | Middle East | May 1st |
The MENA Games Industry Awards 2024 | Middle East | May 2nd |
GameDev Atlantic 2024 | May 4th | |
Mobidictum Meetup Berlin May 2024 | Europe | May 7th |
Mobidictum Meetup Tallinn May 2024 | Europe | May 21st |
Israel Mobile Summit 2024 | Middle East | Jun 6th |
DevGAMM Vilnius 2024 | Europe | Jun 14th |
Popular Stories
News
Apr 23rd, 2024
Supercell’s Squad Busters soft launches today with over 100,000 Google Play downloads
Feature
Apr 24th, 2024