Report: Zynga valued at $9 billion

Monday, 14 February 2011 05:08 GMT By Brenna Hillier

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.