Zynga plans more OMGPOP-sized buyouts | Mobile Games | Mobile Entertainment

Zynga plans more OMGPOP-sized buyouts

Zynga plans more OMGPOP-sized buyouts
Zen Terrelonge

by

Games / Angry Birds / April 18th 2012 at 1:23PM

Social gaming firm currently has $1.8bn cash pile to play with.

Last month, Zynga paid $180 million for Draw Something developer OMGPOP, a sum that amounts to more than all of Zynga's past 22 buyouts.

Now, Bloomberg reports Zynga  CEO Mark Pincus and merger chief Barry Cottle have revealed plans to make similar acquisitions in the next few years, supported by the company's $1.8 billion cash supply.

Pincus, said: "We love finding great, accomplished teams that share our mission and vision. If we ever see breakout opportunities that massively accelerate social gaming at Zynga, we’ll aggressively pursue those, too."

Cottle, continued: "We’re sitting in a very advantageous position. We have a significant amount of cash, we have no debt, and we have access to be as aggressive as we need to be."

However, it seems Zynga wasn't aggressive enough to acquire Angry Birds maker Rovio, which rejected the firm's $2 billion takeover offer.