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Thursday, May 10, 2012
Was Zynga?s Deal To Buy OMGPOP That Disastrous? Here?s Some Perspective.
Draw Something, the game that could do no wrong now seems like it can do little right, at least according to the blogosphere. There's?been a string of stories from virtually everyone saying that the OMGPOP acquisition is "haunting" Zynga because Draw Something's daily active usage is down to 9.1 million daily active users from its peak of 14.6 million daily active users. It's funny how the press turns (and we know this too well). On the day we broke the story that Zynga was about to buy OMGPOP for what turned out to be $180 million, Business Insider said that our rumored price range was way too low. When the company sold, they then wrote a story citing Flurry's CEO that OMGPOP had left $800 million on the table.
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