The social gaming company makes it official: OMGPOP will close next month and only Draw Something franchise will survive.
update The rumors were right. Zynga is buying the company that created the megahit app Draw Something.
The social-gaming company said third-quarter earnings will be lousy as it writes off a big chunk of its OMGPOP acquisition. Full-year numbers will also suffer, and shares dropped more than 20 percent after hours.
With more than 20 million downloads in less than six weeks, Draw Something is a mobile gaming phenomenon. Now it looks like Zynga might be trying to get a piece of that pie.
CEO Dan Porter apologizes for comments he made about Shay Pierce, a former OMGPOP employee who explained why he didn't join Zynga with the rest of his colleagues.
A former OMGPOP developer says he didn't join buyer Zynga along with the rest of the company because the company might have shut down his own game. Also, he thinks Zynga's evil.
Zynga's layoff effectively means the closure of OMGPOP, leaving Zynga's remaining U.S. offices to pick up the slack for the popular Draw Something franchise.
The free game is available now in Apple's App Store and the Google Play marketplace.
Creator of OMGPOP's Draw Something is yet another member of Zynga's executive team to step out the door.
The entertainment giant cuts one quarter of its staff after social gaming proves to be a bust. However, Disney is not alone.