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PopCap Brushed Off $5 Million Microsoft Buyout Bid
“I don’t think a month goes by where we don’t get enquiries of investment offers in some form or another,” PopCap creative director Jason Kapalka told Develop in an interview.
“So far nothing has worked out.”
The casual-games developer, best known for games like Plants vs. Zombies and Peggle, told the site that its independence is critical, even when it means saying no to some of the big industry players.
“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 5 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.”
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