informa
1 min read
article

Report: Zynga Offered $1B For PopCap

Social games giant Zynga offered $1 billion in cash for PopCap, but was turned down in favor of a deal with Electronic Arts, as PopCap saw this as a more lucrative deal, according to media reports.
Social games giant Zynga offered $1 billion in cash for PopCap, but was turned down in favor of a deal with Electronic Arts, according to media reports. Financial site Forbes is reporting that a source close to the deal said that PopCap decided to take EA's offer instead as it was potentially more lucrative. Electronic Arts confirmed earlier in the week that it will be purchasing Plants vs. Zombies maker PopCap in a $750 million acquisition, along with a potential $550M earn-out. EA is set to pay approximately $650 million in cash and $100 million in EA common stock to be issued to PopCap shareholders. In addition, the company may pay additional funds of up to $550 million based on performance milestones through 2013. Forbes' source said that Zynga was looking to finance the deal with a line of credit from Goldman Sachs, one of the benefactors leading Zynga's current IPO filing. Gamasutra has contacted Zynga for comment.

Latest Jobs

Treyarch

Playa Vista, California
6.20.22
Audio Engineer

Digital Extremes

London, Ontario, Canada
6.20.22
Communications Director

High Moon Studios

Carlsbad, California
6.20.22
Senior Producer

Build a Rocket Boy Games

Edinburgh, Scotland
6.20.22
Lead UI Programmer
More Jobs   

CONNECT WITH US

Register for a
Subscribe to
Follow us

Game Developer Account

Game Developer Newsletter

@gamedevdotcom

Register for a

Game Developer Account

Gain full access to resources (events, white paper, webinars, reports, etc)
Single sign-on to all Informa products

Register
Subscribe to

Game Developer Newsletter

Get daily Game Developer top stories every morning straight into your inbox

Subscribe
Follow us

@gamedevdotcom

Follow us @gamedevdotcom to stay up-to-date with the latest news & insider information about events & more