Sunday, December 4, 2011

Zynga to raise $1bn from IPO

12:41 AM | Posted by ProJ | | Edit Post

producer and Farmville Mafia Wars will become the third largest U.S. market capitalization of game 7 billion if successful

Facebook Zynga Game Maker plans to increase $ 1 billion (£ 630m) in its initial public offering, valuing the budding Internet company $ 7 billion.

The company behind the popular Facebook games Farmville and Mafia Wars, said in a regulatory filing Friday it plans to sell 115 million shares - 14% of its capital -. Up to $ 10

  • The $ 7 billion in the third game Zynga U.S. company by market capitalization, behind World of Warcraft maker Activision Blizzard and Electronic Arts. Activision Blizzard was valued at $ 14.19bn and Electronic Arts was valued at $ 7.69bn when the stock markets closed Thursday.
said Zynga has 54 million active users in 175 countries around the world, many of whom carry out their range of games that CastleVille Facebook, empires and partners and Zynga Poker.

Mark Pincus, founder and CEO of Zynga, control 36.2% of the voting rights after the IPO.


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