Zynga Paid Cash for OMGPOP
One of the advantages to going public is the ability to use your stock for acquisitions. But Zynga didn’t use its newly liquid shares to buy OMGPOP this week — it paid $180 million cash for the Draw Something game maker, the company told the SEC today. (Per our earlier report, OMGPOP employees may be able to make another $30 million via earnout/retention payments.) Meanwhile, Zynga CEO Mark Pincus has registered to sell another 16.5 million shares, currently worth $228 million.