Zynga near investment valuing them at near $10 billion

Posted By | On 18th, Feb. 2011 Under Industry News, News | Follow This Author @GNReith

Zynga, the company responsible for such facebook plagues as Farmville, are in discussion for an investment that would value them at close to $10 billion. The company is in talks with T. Rowe Price and Fidelity Investments, among other investors, for finances worth near $500 million. Zynga is also contemplating filing for an initial public offering as soon as the first quarter of 2012.

The news comes from sources who are involved with the discussions, but who can’t reveal their identities on account of the confidential nature of the discussions.

Although the Zynga financing has not yet closed and may still fall apart, there has been significant investor interest, the sources have said.

Zynga is also preparing to start a stand-alone gaming platform that will that will run separately from Facebook, according to three people briefed on the matter. The project, known as Zynga Live, will also serve as a gaming social network and is expected to make its debut in the middle of this year.

“We’re always looking for ways to improve the user experience, but we don’t ever comment on what we may or may not be working on,” Zynga have stated. “We’re focused on building a new form of entertainment that’s connecting the world through games.”

Like it or hate it, Zynga seems here to stay.

Thanks to the NY Times for the info.

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  • aquaman22

    It’s amazing how a small team can make such a popular game. that farmer’s game reminds me of like sim city anyone ever played sim city?? very cool addicting game, hopefully once they cross that gap to the gaming console they won’t be blinded by the $$$ or distracted by it, as money tends to change everything. It’s smart business wise to jump in and ride the wave for cash in but you need to be smart and know when to either pull out or be cautious with the quality and quantity of games you put out. Aqua Out!!!

  • Thatruth86

    Wtf thats mad money to invest for a small company sheesh.. This investment better be worth it if not expect someone buying them out but.. But that wass up as of now lets keep gaming :p

  • dh4645

    now i wish this company would close it’s doors and bizarre creations should open back up. HATE ZYNGA! they make people who play their games think they are actual gamers.

    • Thatruth86

      lmao @ Dh that was funny i dont like them either always seeing pop ups random shit they want us to download .. now they have the balls to dish out 5 billion on a project of idgf lol .. i wouldnt say their games are games either ..

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