The Wall Street Journal's All Things Digital tech blog is reporting that Draw Something developer OMGPOP was purchased by social gaming monolith Zynga for the lofty price of $200 million. Sources with "first-hand knowledge" of the deal detailed it as a combined purchase amount of approximately $200 million between an outright cash transaction of $180 million, and "$30 million or so in employee retention payments." Payday for the Draw Something folks!

Neither company has confirmed the acquisition as of yet, but Zynga has a conference call in 30 minutes which will contain a "news announcement."