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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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik