Mon, Feb 14, 2011 | 05:08 GMT
Report: Zynga valued at $9 billion
Reuters reports a mysterious Wall Street Journal claim that social media king Zynga has been valued at between $7-9 billion.
According to the weekend report, the assessment arose out of talks with new investors. Zynga is allegedly seeking funding to the tune of $250 million. Perhaps all its other money is lonely.
When the company authorised new stock last April, it self-valued at $4 billion.
The social gaming market itself has been predicted to reach $1 billion in 2011. Cityville, Zynga’s most popular title, has over one hundred million monthly users.
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Posted in: Financials, Rumour, Trade
Tags: zynga
3 comments
#1
mojo
14/02/11, 8:08 am
/waits for the bubble to burst
#2
Kuwabara
14/02/11, 9:42 am
fucking cunts, u can end world poverty with that money.
#3
Len
14/02/11, 1:50 pm
Exactly my thoughts mojo. It’s like the dotcom thing all over again. If I was them I would take the money and run now…