Sections

Report – Zynga offered $1 billion cash for PopCap

Thursday, 14th July 2011 07:42 GMT By Brenna Hillier

Whispers say Zynga was ousted from the PopCap acquisition war at the last minute, despite putting more on the table than ultimately successful bidder EA.

Forbes cited a “source close to the deal” and claimed there was a third bidder, possibly Tencent, which dropped out before EA and Zynga’s clash.

Zynga would allegedly have financed the deal by drawing on credit extended by Goldman Sachs, one of the chief financiers of Zynga’s public offering.

Forbes notes that Zynga had close to $1 billion on its balance sheet as of March 31, so presumably was in a good position to put its money where its mouth was.

Zynga has refused to comment on the matter.

EA forked over $650 million in cash and $100 million in stock options for the tremendously successful casual-focussed studio.

Thanks, 1UP.

Breaking news

4 Comments

Sign in to post a comment.

  1. NightCrawler1970

    http://www.youtube.com/watch?v=YL01JFoR4YY&feature=related Looks like an Game-auction….SOLD for ……..

    #1 3 years ago
  2. pukem0n

    well, if i were popcap i wouldnt want to be associated with Zynga, too

    #2 3 years ago
  3. UKTomm

    Well, it’s not just about the money. It’s about the people buying it. I’d rather have EA by my company than Zynga.

    #3 3 years ago
  4. silentbob

    Zynga should have thrown a giant Toblerone into the bargain. No one can resist.

    At least, no one trustworthy.

    #4 3 years ago