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Zynga bid $1 billion for PopCap - Report
Zynga bid $1 billion for PopCap - Report-January 2024
Jan 9, 2025 4:21 PM

  Yesterday, Electronic Arts ended weeks of speculation and announced its intent to acquire Plants vs. Zombies and Bejewled house PopCap Games for as much as $1.3 billion. However, the publisher was not the only party interested in scooping up the company for a large figure. Zynga's reported $1 billion bid for PopCap was unsuccessful.

  According to a source speaking with financial news hub Forbes, Farmville creator Zynga offered PopCap $1 billion in cash to buy the company.

  The deal was to be financed, at least in part, by investment firm Goldman Sachs. A Zynga representative told GameSpot, "We're not commenting on this."

  The report also named China-based Internet company TenCent as an additional party considering a purchase of Zynga. However, the source noted that final bidding was between Zynga and EA, with the latter ultimately winning out.

  EA's deal to acquire PopCap includes $650 million up front, another $100 million paid out in shares, and $50 million in employee retention rewards. Additionally, the terms of the deal include performance-based payouts, where $550 million is on the table.

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