Peter Kafka

Recent Posts by Peter Kafka

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.


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There was a worry before I started this that I was going to burn every bridge I had. But I realize now that there are some bridges that are worth burning.

— Valleywag editor Sam Biddle