Draw Something has become immensely popular, and is the most downloaded app on the Apple ( AAPL) App Store, in both the paid and free categories. There are reportedly over 20 million downloads of Draw Something from the App Store. Over 35 million people have downloaded the app, and more than 1 billion drawings have been created in the last week, according to the press release. It is the number one word game in 84 countries according to the Apple App Store.

This is not the first acquisition Zynga has made to expand its games offering. The company also bought Newtoy, the company behind Words with Friends two years ago. Zynga went public in late 2011, as did fellow social networker Groupon ( GRPN).

Shares of Zynga are higher in Wednesday trading, up 2.46% to $13.72.

Interested in more on Zynga? See TheStreet Ratings' report card for this stock.

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-- Written by Chris Ciaccia in New York

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