Looks Like Zynga Just Bought OMGPOP For $200 Million • Hacker News Board

Re: Looks Like Zynga Just Bought OMGPOP For $200 Million

#11

Post by gkoberger » Wed, Mar 21, 2012, 6:13 PM UTC

netvarun wrote: post #8

It doesn't make sense. The article mentions that OMGPOP makes 250 grand a day (that too after after all commissions). that equates to 91.25 million a year. IMHO, $200 million seems like a really small price.

Eventually they're going to run out of people to pay or play. Games don't tend to have a long lifespan, so it probably made sense for them to cash out while they're hot.

There's no way they can sustain this rate for 2+ years, which is what they'd need to do in order to make $200 million.

Re: Looks Like Zynga Just Bought OMGPOP For $200 Million

#12

Post by omi » Wed, Mar 21, 2012, 6:14 PM UTC

Who the hell plays this garbage?

Re: Looks Like Zynga Just Bought OMGPOP For $200 Million

#13

Post by jamesjyu » Wed, Mar 21, 2012, 6:15 PM UTC

omi wrote: post #12

Who the hell plays this garbage?

Pretty much everyone I know is addicted.

Re: Looks Like Zynga Just Bought OMGPOP For $200 Million

#14

Post by zinssmeister » Wed, Mar 21, 2012, 6:15 PM UTC

Draw Something is everywhere and it's an awesome game. Good move for OMGPOP to cash out. It's a lot of money to throw at a studio that has basically only produced one hit game. Or maybe I am too old to recognize any of their other games ;)

Re: Looks Like Zynga Just Bought OMGPOP For $200 Million

#15

Post by ndespres » Wed, Mar 21, 2012, 6:15 PM UTC

Wow, good for them. I've been with them since they were "I'm In Like With You," a fun but pointless "social flirting" site (at least, that's my memory of what it was) before they turned to social gaming. I didn't think they were going to make it for a while.

Congrats to Charles and the team at OMGPOP!

Re: Looks Like Zynga Just Bought OMGPOP For $200 Million

#16

Post by antidaily » Wed, Mar 21, 2012, 6:16 PM UTC

Great for OMGPOP, even better for Zynga. Price seems low to me.

Re: Looks Like Zynga Just Bought OMGPOP For $200 Million

#17

Post by matdwyer » Wed, Mar 21, 2012, 6:16 PM UTC

omi wrote: post #12

Who the hell plays this garbage?

It's actually surprisingly fun. My girlfriend spends like 10 minutes drawing these elaborate pictures for strangers.

The only thing that infuriates me is when people know what it is but can't spell the word and then give up.

Re: Looks Like Zynga Just Bought OMGPOP For $200 Million

#18

Post by j_baker » Wed, Mar 21, 2012, 6:18 PM UTC

Here's more detail on the price: $180 million plus another $30 million or so in employee retention payments, Im told.

Is this typical? It would seem that the employees are getting the shorter end of the stick on this deal.

Re: Looks Like Zynga Just Bought OMGPOP For $200 Million

#19

Post by brandall10 » Wed, Mar 21, 2012, 6:18 PM UTC

netvarun wrote: post #8

It doesn't make sense. The article mentions that OMGPOP makes 250 grand a day (that too after after all commissions). that equates to 91.25 million a year. IMHO, $200 million seems like a really small price.

That's at this moment in time for one product, which is currently at the top of the iOS charts.

Re: Looks Like Zynga Just Bought OMGPOP For $200 Million

#20

Post by patio11 » Wed, Mar 21, 2012, 6:18 PM UTC

TazeTSchnitzel wrote: post #9

apawloski wrote: post #5

Bittersweet. Draw Something is a great game and it's good to see OMGPOP rewarded for that. But then I hate that it will now be controlled by Zynga.

"Play Draw Something now and earn Farmville points!"

Zynga points. You can use them across Zynga games to get e.g. exclusive pumpkins in Frontierville. There's a cap which resets every day, so you know when you can stop playing.

What.

[edit to add: Not currently playing any Zynga games. League of Legends pushes my buttons much better.]