Zynga Closes Up OMGPOP

By Evan Niu, CFA – Aug 11, 2013 at 9:00PM

NASDAQ: ZNGA

Zynga

Despite a possible offer from former OMGPOP employees to buy back the studio's assets, Zynga has shuttered the site and most of its titles. What was Zynga scared of?

Struggling social gamer Zynga (ZNGA) recently shuttered its OMGPOP site along with most of its titles. The company is still hanging on to Draw Something, which was the driving force behind the acquisition. Oddly, former OMGPOP employees had reportedly offered to buy some of these assets and intellectual property from Zynga, but to no avail.

In the following video, Fool contributor Evan Niu, CFA, and Eric Bleeker, CFA, discuss Zynga's controversial acquisition and some of the challenges that Zynga continues to face going forward.

Eric Bleeker, CFA, Fool contributor Evan Niu, CFA, and The Motley Fool have no position in any of the stocks mentioned. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.