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PopCap Said No to Microsoft Buyout

PopCap Said No to Microsoft Buyout

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With a developer whose history consists of hits like Bejeweled, Peggle, and Plants vs Zombies, it should be no surprise that there would be plenty of companies trying to buy them. However, according to some statements made by PopCap’s creative director Jason Kapalka to Develop, the offers never seem to stop rolling in but none of them seem to tantalize.

Kapalka refers to an early buyout offer from Microsoft saying “We had a couple of funny instances in the early years of PopCap where we were talking to Microsoft about a possible acquisition – I think it was in 2002 – and they sat us down and gave us this long speech about why our company was worth five million dollars, at a time when we had four million in the bank. We didn’t know much about stock prices and business valuations at the time, but it really didn’t sound like a very good deal even then.” Kapalka continues “I don’t think a month goes by where we don’t get enquiries of investment offers in some form or another.” He finishes by stating “I can’t say a buyout would never happen – we might find the right partner one day. We once floated the idea of going public, but again we thought against it. We’re profitable and we don’t have an urgent need to change that if we don’t want to.”

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