UPDATE: AllThingsD’s Peter Kafka reports Zynga will acquire OMGPOP for $180 million plus $30 million in employee retention payouts.Zynga will be holding a press announcement today at 3:00 PM EST.
That’s because it just acquired OMGPOP for ~ $200 million.
We’ve been told that multiple suitors approached the Draw Something app maker about an acquisition. TechCrunch initially pegged Zynga’s offer at $150 million but we hear that number is way too low.
The buyer, Kafka says, is definitely Zynga.
We’ll be tuning into the press conference and keeping you posted.