According to reports, Angry Birds developer Rovio turned down a $2.25 billion buyout offer from casual games giant Zynga. The Farmville-developer proposed a $2.25 billion cash and stock acquisition, but Rovio walked away from discussions, citing concerns over the culture at Zynga.
The New York Times reported that Zynga's successful rise has been on the back of harsh working conditions with employees complaining about overbearing managers, long working hours and stressful deadlines. This situation also reportedly prompted PopCap to turn down a $950 million bid from Zynga.
PopCap was later swooped up by EA for $750 million in cash and stock, and potentially $550 million in bonuses.
Recruitment agencies are also swirling around Zynga as it approaches its initial public offering to be traded on Wall Street, looking to snap up top talent following the sale.
"I expect a lot of game and tech companies will begin recruiting Zynga's talent after their equity becomes liquid," EA human resources head Gabrielle Toledano said. "Competitors will make the case that they offer much more compelling opportunities for creative people."
Written by: James Delahunty @ 29 Nov 2011 9:41
