SEC filing confirms OMGPOP’s $180 million price tag

A new SEC filing has revealed Wednesday’s acquisition of Draw Something developer OMGPOP cost Zynga $180 million, confirming it as the most expensive deal in Zynga’s history.

According to the filing:

In March 2012, we acquired OMGPOP, Inc. for  purchase consideration of approximately $180 million. We believe that our existing cash, cash equivalents and marketable securities, together with cash generated from operations, will be sufficient to fund our operations and capital expenditures for at least the next 12 months.

While it was speculated that OMGPOP’s acquisition would include a $30 million earnout, but the SEC filing doesn’t include any references to any payments above the $180 million already noted. Zynga’s most expensive acquisition prior to OMGPOP was Words With Friends developer Newtoy, for which it paid $53 million.

The filing also revealed that Zynga shareholders are planning to sell almost 43 million shares. Zynga confirmed this secondary offering last week, and it revealed that the stock will be split into three tiers. Class A stock will have the lowest voting power, while Class B and C stocks will hold 96.9 percent of shareholder voting power.

 

Social Media 101

Mediabistro Course

Social Media 101

Get hands-on social media training for beginners in our online boot camp, Social Media 101! Starting September 4, social media and marketing experts will teach you the best practices to be successful on social. Register before July 31 to get $50 OFF with early bird pricing. Register now!

 

Leave a Reply

2 Responses to “SEC filing confirms OMGPOP’s $180 million price tag”

  1. This week’s headlines from across Inside Network says:

    [...] SEC filing confirms OMGPOP’s $180 million price tag [...]

  2. Former Omgpop Wilson Kriegel leaves Zynga says:

    [...] joined Zynga back in March when the social gaming giant acquired Omgpop for $180 million. The company is the developer behind the hit mobile title Draw [...]

Get the latest news in your inbox
interested in advertising with inside social games?

Social Media Jobs
of the Day

Vice President of Technology

Emerald Media Group
Eugene, OR

Social Media Manager at Idealist

Idealist
New York, NY

Digital Marketing Specialist

American Bar Association
Chicago, IL

Digital Analytics Specialist

Pew Research Center
Washington, DC

Director of Digital Strategy

Beauty Public Relations Agency
New York, NY

Featured Company

Join leading companies like this one and recruit from the nation's top media job seekers on the Mediabistro Job Board. Every job post comes with our satisfaction guarantee. Learn More
 

Our Sponsors

Also from Inside Network:   AppData - Facebook & iOS Application Stats   PageData - Engagement Data on Facebook Pages   Facebook Marketing Bible   Inside Network Research
 
home | site map | advertising/sponsorships | about | careers | contact us | help courses | browse jobs | freelancers | events | forums | content | member benefits | reprints & permissions terms of use | privacy policy Copyright © 2014 Mediabistro Inc. call (212) 389-2000 or email us