Forbes Magazine is
reporting that an inside source told them Zynga offered $1 billion in cash to acquire PopCap Games, who turned the deal down to accept a more complex but potentially more lucrative deal from Electronic Arts, which included $650M in cash and $100 in Electronic Arts stock, as well as another $550M contingent on company performance over the next two years.
The EA deal could potentially pay out $1.3B.
Zynga’s potential offer would have been financed in part by a line of credit supplied by Goldman Sachs. Forbes also notes that their information on Zynga had them just shy of $1 billion in cash on its balance sheet.
Zynga has issued a no comment on its involvement with Popcap.
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