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As part of Zynga's layoffs, OMGPOP has been shut down and employees laid off

OMGPOP acquisition cost Zynga around $400k a day, studio now shut down

By: Trace Hagan from Jun 4, 2013 @ 14:29 CDT

Now unemployed employees of the game studio OMGPOP have taken to Twitter to announce that they have been unceremoniously laid off. Many will remember that Zynga acquired OMGPOP just over a year ago after their smash-hit Draw Something. Now, the studio originally purchased for $200 million or so has been shut down.

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TheNextWeb has done some calculations and worked out that it likely has cost Zynga at least $400,000 per day for the studio. This includes the purchase price and write down. They use a generous guess that OMGPOP was revenue neutral, meaning its profits offset its expenses for staffing and such.

That's a steep figure, though they might make some of it back with Draw Something 2. Either way, Zynga has a lot of work head of them to make that purchase up.

NEWS SOURCES:thenextweb.com

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