Zynga Buys Draw Something Maker OMGPOP

Posted: Mar 21 2012, 2:56pm CDT | by , in News | Gaming

 
Zynga buys Draw Something Maker OMGPOP

Zynga is acts quick and takes out uprising Facebook gaming competition by buying them.

As reported last week, Draw Something developed by OMGPOP is a huge success. Today the Facebook gaming king Zynga announced that the company bought OMGPOP. Zynga has not announced the price. TechCrunch reports that their sources say that Zynga paid $180 million plus a $30 million earnout.

Zynga is smart to use their cash to buy multi-player gaming companies that have the potential to out run them. OMGPOP had this in them with their new hit game Draw Something. OMGPOP is in business since 2006. Maybe the founders had enough and just wanted to cash out now.

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Manfred "Luigi" Lugmayr () is the founding Chief Editor of I4U News and brings over 25 years experience in the technology field to the ever evolving and exciting world of gadgets, tech and online shopping. He started I4U News back in 2000 and evolved it into vibrant technology news and tech and toy shopping hub.
Luigi can be contacted directly at ml[@]i4u.com.

 

 

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