InfoAnda - Zynga buys OMGPOP games company for $200 million: source |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Lady Gaga To Release “The Fame Monster” USB Drive Edition | 16 April 2010
Russia urges Sweden to extradite Chechen bandits | | 10 March 2010
Backhoes, dogs search snow for Iowa State student | 2 February 2010

King Kong figurine used in 1930s movie sold in UK | 25 November 2009

Forum Views () Forum Replies ()

Read more with google mobile : Zynga buys OMGPOP games company for $200 million: source |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Issues 2012 Candidates 2012 Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh Lucy P. Marcus David Cay Johnston Bethany McLean Edward Hadas Hugo Dixon Ian Bremmer Mohamed El-Erian Lawrence Summers Susan Glasser The Great Debate Steven Brill Jack & Suzy Welch Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (0) REUTERS TV TECH TONIC Zynga buys OMGPop Social gaming giant Zynga is buying OMGPop, the maker of the popular video game Draw Something. Video Follow Reuters Facebook Twitter RSS YouTube Read Apple's new iPhone will use bigger 4.6-inch display: report 21 Mar 2012 U.S. top court backs landowners, limits power of EPA 21 Mar 2012 UPDATE 2-Obama to push US agencies on south Keystone line 21 Mar 2012 Gunman dies in hail of bullets as French siege ends | 11:40am EDT Growing unease at mixing politics with prayer 10:49am EDT Discussed 194 Dozens arrested at Occupy’s 6-month anniversary rally 158 Republican budget plan seeks to play up tax reform 155 Exclusive: U.S., Britain to agree emergency oil stocks release Watched Angry Birds' ambitious trajectory Wed, Mar 21 2012 Flying robot swarms the future of search and rescue Tue, Mar 20 2012 Elite French police corner suspect gunman Wed, Mar 21 2012 Zynga buys OMGPOP games company for $200 million: source Tweet Share this Email Print Related News Wal-Mart to offer Angry Birds merchandise, clues Wed, Mar 21 2012 Facebook underwriters to get 1.1 percent fee: source Tue, Mar 20 2012 Jennifer Lawrence fires up "The Hunger Games" Tue, Mar 20 2012 Stars say "Hunger Games" movie violence justified Thu, Mar 15 2012 Wall Street retreats after rally, but Apple up again Wed, Mar 14 2012 Analysis & Opinion Buying equity in people SecondMarket’s unnecessary Facebook Fund Related Topics Tech » Deals » Global Deals Review: 2011 Q3 » Global Deals Review: 2011 Q2 » Global Deals Review » Small Business » Inflows Outflows » Media » The corporate logo for Zynga is seen on a screen outside the Nasdaq Market Site in New York, December 16, 2011. Credit: Reuters/Brendan McDermid By Sarah McBride and Liana B. Baker Wed Mar 21, 2012 7:36pm EDT (Reuters) - Zynga Inc is buying OMGPOP, maker of the popular video game "Draw Something" for about $200 million in its biggest acquisition to date as the company moves to expand its lineup of games on mobile devices and Facebook. A source familiar with the matter told Reuters that Zynga bought the New York-based company for $200 million. The company declined to comment on the deal's financials or say whether it was accretive on a conference call on Wednesday. Zynga, which raised $1 billion in an initial public offering last December, makes some of the most popular games on tablets and smart phones such as "Words with Friends" and "Scramble with Friends." The $200 million deal is its largest to date and the second-biggest purchase since 2010 when it bought Newtoy Inc, the publisher of "Words With Friends" for $53.3 million. OMGPOP makes the game "Draw Something" where players make digital sketches of items or pop culture figures such as Lady Gaga and then compete to guess what the drawings are. All 40 employees will join Zynga and the company's headquarters will remain in New York, according to a statement. Hudson Square analyst Dan Ernst said Zynga could easily afford a deal worth $200 million because, since its IPO, it has a market capitalization of $11 billion and $2 billion of cash on its balance sheet. But it is always a risk acquiring a company that has only produced one well-known game in recent months, he said. "The big risk is how long do they last? But it seems like a high quality team though and doesn't feel like a one-hit wonder," Ernst said. In the six weeks since "Draw Something" has been the market, it has garnered more than 35 million downloads and risen to the top of the app charts on Apple and Android in 84 countries, according to Zynga. Its popularity on mobile devices could be a boon to Zynga, which investors are watching closely to see if it can diversify outside of Facebook, where it makes 93 percent of its revenue. Zynga said in February that it ended last year with 15 million daily mobile users, a five-fold increase from a year earlier. Zynga shares closed about 2.5 percent, or 33 cents higher, at $13.72 per share on Wednesday. (Reporting by Sarah McBride in San Francisco and Liana B. Baker in New York; editing by Andre Grenon) Tech Deals Global Deals Review: 2011 Q3 Global Deals Review: 2011 Q2 Global Deals Review Small Business Inflows Outflows Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Advertise With Us Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Thursday, 22 March 2012
U.S. suspends war remains search over North Korea missile plan |
Stubborn drought expected to tax Mexico for years |
Noriega in Panama hospital, lawyer says has brain tumor |
Mali soldiers attack palace in mutiny |
Libyans leaves Mauritania, hope to extradite Senussi |
U.S. on track for Afghan deal by NATO summit: Clinton |
HP to merge printer, PC businesses |
Proxy battle pits new Yahoo CEO against hedge fund |
Zynga buys OMGPOP games company |
HSBC Canada exits consumer finance, lays off 500 |
FCC proposal could help Dish wireless plan |
Apple's iPad throws off much more heat: tests |
A Minute With: Amanda Peet getting 'Bent' on TV |
Hugh Hefner's son Marston pleads to domestic violence |
Doctor Who's new companion from TV soap Emmerdale |
Gunman dies in hail of bullets as French siege ends |
Clashes across Syria despite U.N. ceasefire call |
Analysis: Bali attack plot shows Indonesia terror threat evolving |
Palestinians suffer fuel crisis in Gaza |
Bahrain police install cameras to curb abuse |
A street called Syria divides tense Lebanese city |
Italy's Monti runs into trouble over labor reform |
Sri Lanka should punish civil war crimes: U.N. forum |
Soldiers say they have seized power in Mali |
India moves to quell $211 billion coal furor |
GameStop expects higher sales this year |
Samsung sees smartphones leading Africa growth |
Apple's new iPhone will use bigger 4.6-inch display: report |
Nokia finalizes 1,000 job cuts in Finland |
Proxy battle pits new Yahoo CEO against hedge fund |
Foxconn International swings to 2011 net profit |
Zynga buys OMGPOP games company for $200 million: source |
Verizon tells Congress cable deals ease spectrum crunch |
Pentagon adds $120 million to Raytheon missile deal |
Don Draper in a different place as 'Mad Men' returns |
Madonna vows to defy anti-gay law on Russian tour |
Robert De Niro apologizes for white first lady joke |
Doctor Who's new companion from TV soap Emmerdale |
Hospitalized Kony director suffered brief psychosis
Rapper indicted for fellow entertainer's death |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01