Zynga has made many acquisitions over the last two years, spending $147.2 million for 22 companies during 2010 and 2011, in addition to the $180 million paid for OMGPOP. Reports are that the company’s focus on effective acquisition practices was brought on by a string of failed bids, principally the failed $2 billion buyout of Rovio Entertainment.
“We love finding great, accomplished teams that share our mission and vision,” said Zynga CEO Mark Pincus. “If we ever see breakout opportunities that massively accelerate social gaming at Zynga, we’ll aggressively pursue those, too.”
“We’re sitting in a very advantageous position,” added EVP of business and corporate development Barry Cottle. “We have a significant amount of cash, we have no debt, and we have access to debt to be as aggressive as we need to be.”
Source: Bloomberg
