The social gaming company makes it official: OMGPOP will close next month and only Draw Something franchise will survive.
Don Mattrick, Zynga's current CEO, will depart the company immediately after less than two years on the job. He had previously run Microsoft's Xbox business.
The gaming company cuts outlook after its says revamps of hit games, including Words With Friends, will take longer. But, it says, new efforts should prove fruitful.
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.
The free game is available now in Apple's App Store and the Google Play marketplace.
The entertainment giant cuts one quarter of its staff after social gaming proves to be a bust. However, Disney is not alone.
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.