david-roberts
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Report: PopCap CEO stepping down, co-founder Vechey to take over
PopCap Games CEO David Roberts is stepping down after almost nine years with the company and will be replaced by co-founder John Vechey. The shift in management will take effect on January 8, Venturebeat reports. "PopCap's mission right now is to create the greatest mobile game studio in the world, and we're going to do that by only making games that are beloved by players," Vechey told Venturebeat. "We're focusing on our foundation in 2014 – talent, process, and most importantly, great products, around that mission." Presumably Roberts will retire from the gaming industry, though he has yet to announce any plans for beyond January 8. Vechey's current role is VP of development and strategy, where he has worked internally on "spearheading/helping new initiatives" for years now. He also moonlights as Chief Hype Man, starring in the best Pokemon/Peggle 2 mash-up gif of 2013. Popcap Games was founded in 2000 by John Vechey, Brian Fiete and Jason Kapalka. On January 8, Kapalka will transition into a consultant's role, leaving Vechey as the only remaining Popcap co-founder at the Seattle studio. EA acquired Popcap in 2011 for a hefty $750 million. [Image credit]
EA to acquire PopCap Games for $750 million
Rumors first began circulating nearly three weeks ago when TechCrunch reported that casual gaming pusher PopCap was going to be acquired for over $1 billion dollars. Now, Electronic Arts has announced its intention to purchase the Seattle-based developer for $750 million, including $100 million in stock. The acquisition is expected to close in August of this year, pending the usual regulatory approvals. "EA and PopCap are a compelling combination," boasted CEO John Riccitiello, clearly envisioning a newly expanded EA digital empire. "PopCap's great studio talent and powerful IP add to EA's momentum and accelerate our drive towards a $1 billion digital business." "We picked EA because they have recast their culture around making great digital games," said David Roberts, CEO of PopCap. "By working with EA, we'll scale our games and services to deliver more social, mobile, casual fun to an even bigger, global audience." In case it's not obvious, we'll spell it out for you: O-R-I-G-I-N.
PopCap considering IPO, not likely revealing any new IP in 2011
We're just gonna level with you, folks -- we're scared. Frankly, reading this weekend's CNBC report that Plants vs. Zombies developer PopCap Games is considering an IPO worries us greatly. In so many words, it means that the quirky indie studio could go from private to public, meaning that the company could go from being beholden to itself to being beholden to investors. It also means that PopCap could expand far more rapidly -- and that you could own a piece of the action. As it stands, the studio pulled in over $100 million last year in revenues and, according to CNBC, is the third largest Facebook developer -- handily besting Disney's user numbers with just two games of its own (versus Disney's 37!). PopCap doesn't deny the possibility of the IPO -- it evenregistered with the US Securities and Exchange Commission -- with company prez David Roberts saying, "I do think we'll be ready internally. Whether the market is ready remains to be seen. It has got to be right for us." Amazingly, CNBC also asked Roberts if he would comment on the long ago trademarked "Yetitrain" name. He didn't. That name, however, is still amazing. Unfortunately, we may not be hearing anything about it anytime soon. Roberts stated, "Don't hold your breath" when asked about the possibilty of a new franchise being announced this year.
