Social and mobile publisher Zynga has spent $310,561,000 on business acquisitions since 2010, resulting in an enormous deficit.
The figure was pulled from new SEC filings by Bloomberg, which also reports the company had just $10 million in retained earnings before it went on its spending spree.
The net result is, apparently, an $897 million accumulated deficit “which is only getting worse”.
In related Zynga news, the company has secured a revolving credit line of $200 million which it can draw on in the future; the deal is particulary interesting as Zynga’s last credit deal was a $1 billion loan. Bloomberg speculates that banks and financiers are less comfortable betting that Zynga can make smart acquisitions in the wake of the OMGPop disaster.
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