Zynga Confirms OMGPOP Acquisition, But Not How Much it Paid
As we reported earlier today, Zynga has officially acquired OMGPOP, the New York company responsible for the overnight mobile game hit Draw Something. In a conference call, Zynga’s Chief Mobile Officer David Ko declined to say how much it paid, but our sources say it was a pretty penny: About $180 million plus another $30 million in employee retention payments. OMGPOP’s CEO Dan Porter will become Zynga’s VP and General Manager in New York. Since launching six weeks ago on Android and iOS, Draw Something has been downloaded 35 million times and in the past week alone, players have created one billion drawings.