MegaMillions isn’t the only game in town capable of inspiring a feeding frenzy. Not content merely to snap up OMGPOP at something like $180 million, Zynga is making it known they’ve still got IPO cash burning a hole in their corporate pockets. Merger chief Barry Cottle basically told Bloomberg that they are hungry, ready to move fast, and rich as hell:
“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.”
Well, okay, then!
Such a temptation will not be ignored, says analyst Michael Pachter:
“You are going to have a lot of developers swinging for the fences and trying to hit it fast and hope Zynga will give them a couple hundred million dollars.”
Now, on a scale of one to Instagram, how many people just started coding with visions of buyouts dancing in their heads?