The social gaming company makes it official: OMGPOP will close next month and only Draw Something franchise will survive.
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.
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.
update The rumors were right. Zynga is buying the company that created the megahit app Draw Something.
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.
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.
Zynga started the year off right, having just raised $1 billion in its IPO, but a spendy purchase of OMGPOP, poor earnings, and an extreme financial dependence on Facebook mean it's ending the year on a down note.
Wilson Kriegel, who came to Zynga as the chief revenue officer for Omgpop, is the latest in a growing executive exodus.
CBS has nabbed a pilot of a TV show based on the Zynga/OMGPOP title, according to a report. If all goes well, the show could begin airing early next year.