PopCap recently week agreed to be acquired by Electronic Arts for $650 million in cash, $100 million in EA stock and up to another $550 million in incentive bonuses, but they weren’t the only bidders. According to a report, Zynga offered $1 billion for PopCap.
The source said Zynga would have financed the deal at least in part with a line of credit supplied by Goldman Sachs, which is among the underwriters leading the company s pending initial public offering. I d also note that as of March 31, according to the prospectus for the IPO, Zynga had just shy of $1 billion in cash on its balance sheet, said Eric Savitz. The same source says there was at least one other bidder for the company, possibly the China-based Internet company TenCent, but that final bidding came down to Zynga and EA.
Source: Forbes
