Investing

Zynga Deal for OMGPOP Near Certain (ZNGA, AAPL, GOOG)

Zynga
Social gaming company Zynga Inc. (NASDAQ: ZNGA), which became a publicly traded company in December, has made a deal to acquire social gaming start-up, OMGPOP, maker of the popular ‘Draw Something’ game. The game is available for both iPhones from Apple Inc. (NASDAQ: AAPL) and phones running the Android operating system from Google Inc. (NASDAQ: GOOG).

The AllThingsDigital blog reports a sale price of $180 million plus a retention bonus pool of $30 million. There is no word on the cash/stock breakdown.

‘Draw Something’ is the top app in both sales and free downloads at Apple’s iTunes store, and the game currently rakes in about $250,000 daily after Apple takes its 30% cut of revenue.

Zynga’s shares are up more than 6% on the rumor, at $14.23 in a post-IPO range of $7.97-$15.91.

The Average American Is Losing Their Savings Every Day (Sponsor)

If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4% today, and inflation is much higher. Checking accounts are even worse.

Every day you don’t move to a high-yield savings account that beats inflation, you lose more and more value.

But there is good news. To win qualified customers, some accounts are paying 9-10x this national average. That’s an incredible way to keep your money safe, and get paid at the same time. Our top pick for high yield savings accounts includes other one time cash bonuses, and is FDIC insured.

Click here to see how much more you could be earning on your savings today. It takes just a few minutes and your money could be working for you.

 

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.

AI Portfolio

Discover Our Top AI Stocks

Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.

You can follow him investing $500,000 of his own money on our top AI stocks for free.