Monday, February 14, 2011

Zynga Valuation Rises to Over $7 Billion - WSJ.com

Zynga Valuation Rises to Over $7 Billion - WSJ.com

Social-gaming company Zynga Inc. is holding discussions with potential investors about raising around $250 million in new funding in a deal that could value the three-year-old start-up at between $7 billion and $9 billion, according to people familiar with the matter.

The huge audience for its games—Zynga has a total of 275 million active monthly users across all its titles—helped Zynga generate about $400 million in profit last year on approximately $850 million in revenue, said another person familiar with its finances.

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