Friday, October 5, 2012

Zynga plans to write off up to $95 million over OMGPOP merger flop

Zynga plans to write off up to $95 million over OMGPOP merger flop

. Zynga's (ZNGA) $210 million purchase of Draw Something OMGPOP is officially a dud. In Zynga's latest preliminary financial report, the company revealed that its third quarter revenue will be lower than expected, clocking in between $300 million to $305 million and it will report a net loss between $95 million and $105 million.

Boy Genius Report , Zynga plans to write off up to $95 million over OMGPOP merger flop, Zynga plans to write off up to $95 million over OMGPOP merger flop

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