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!

Beyond OMGPOP's massively successful, Pictionary-esque iOS and Android game, Draw Something, the New York City-based developer also brings a variety of Flash-based expertise to Zynga. The team will also add around 40 employees to Zynga's swelling numbers - the company repurposed NewToy into Zynga With Friends late in 2010, and did the same with NYC's Area Code in early 2011.

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