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

March 21, 2012 by Paul Ausick

Source: 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.

Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)

Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.

Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.

Click here now to get started.

Posted in Investing | Comments Off on Zynga Deal for OMGPOP Near Certain (ZNGA, AAPL, GOOG)