Report: Zynga offered $1 billion for PopCap

A "source close to the deal" tells Forbes that Facebook gaming king Zynga offered a billion dollars in cash in the hope of acquiring PopCap, part-funded by Goldman Sachs, underwriter of Zynga's recent IPO filing. Chinese company TenCent was also in the running, but PopCap instead opted for a more complex deal with EA, selling up for an initial $750 million that could reach $1.3 billion if earnings targets are met over the next two years.

Source: Forbes