SEC filing confirms OMGPOP’s $180 million price tag

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By Mike Thompson Comment

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.

 

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