S&P 500
7,507.80
-0.22%
Dow Jones
51,595.40
-0.32%
Nasdaq 100
30,411.80
-0.23%
Russell 2000
2,975.48
-0.09%
FTSE 100
10,384.80
-0.34%
Nikkei 225
71,987.20
+0.02%

Investing

Zynga Deal for OMGPOP Near Certain (ZNGA, AAPL, GOOG)

Photo of Paul Ausick
By Paul Ausick Published

Zynga
Social gaming company Zynga Inc. (NASDAQ: ZNGA), which became a publicly traded company in December, has made a deal to acquire social gaming start-up, OMGPOP, maker of the popular ‘Draw Something’ game. The game is available for both iPhones from Apple Inc. (NASDAQ: AAPL) and phones running the Android operating system from Google Inc. (NASDAQ: GOOG).

The AllThingsDigital blog reports a sale price of $180 million plus a retention bonus pool of $30 million. There is no word on the cash/stock breakdown.

‘Draw Something’ is the top app in both sales and free downloads at Apple’s iTunes store, and the game currently rakes in about $250,000 daily after Apple takes its 30% cut of revenue.

Zynga’s shares are up more than 6% on the rumor, at $14.23 in a post-IPO range of $7.97-$15.91.

Follow 24/7 Wall St. on Google
Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

Continue Reading

Jon C. Ogg |

Zynga Founder & Backers Selling Almost $600 Million in Stock, Already (ZNGA)

ZyngaZynga Inc. (NASDAQ: ZNGA) is doing something rather tacky this morning.  The company has not been public for very long…

Douglas A. McIntyre |

Zynga May Not Stay Independent

Zynga (NASDAQ: ZNGA) may be losing its chance to operate as an independent company. All of the metrics that would show…

Paul Ausick |

Zynga-ville (ZNGA, GOOG)

Social media game maker Zynga Inc. (NASDAQ: ZNGA) priced its IPO at $10/share, and the first 100 million shares are…

Douglas A. McIntyre |

U.S. Digital Game Sales Hit $1.1 Billion in July

courtesy of ZyngaIs it any wonder that the video game/smartphone game/social media game market is so complex and has reached…

Jon C. Ogg |

FarmVille 2 Launch, Hope (or Hype) for Zynga

ZyngaZynga, Inc. (NASDAQ: ZNGA) has been in deep trouble since its IPO has made so many short sellers that much…

Douglas A. McIntyre |

Nine Great American Companies That Will Never Recover

wikicommons / SkimstaMany American companies have been lauded for their rapid rise to greatness, a process that sometimes takes less…

Will Apple Become A Dividend Stock?
Douglas A. McIntyre |

Will Apple Become A Dividend Stock?

After posting wildly successful earnings, the Meta (NASDAQ: META) board issued the social media company’s first dividend and announced a…

Game-Changing Court Ruling Could Be Huge for Video Game Stocks
Lee Jackson |

Game-Changing Court Ruling Could Be Huge for Video Game Stocks

Stifel believes that if the judge does rule in favor of Epic Games in its case against Apple, some of…

Douglas A. McIntyre |

Zynga (ZNGA) Loses Two More Execs — Bloomberg

ZyngaEmbattled online game firm Zynga (NASDAQ: ZNGA), its stock down over 80% this year, and its business prospects in question, lost…

Top Gaining Stocks

CarMax
KMX • Vol: 7,330,419
Corning
GLW • Vol: 22,800,969
Intel
INTC • Vol: 233,719,006
Super Micro Computer
SMCI • Vol: 68,465,534
Enphase Energy
ENPH • Vol: 13,978,376

Top Losing Stocks

Accenture
ACN • Vol: 41,744,333
EPAM Systems
EPAM • Vol: 5,636,587
Cognizant
CTSH • Vol: 61,311,400
Coterra Energy
CTRA • Vol: 73,319,495
Kroger
KR • Vol: 26,704,230