Report: Zynga Preparing for IPO

May 24, 2011 -

According to a report in AllThingsD (by way of VentureBeat), social game developer and publisher Zynga is ready to file its initial public offering. The publication cites an anonymous source close to the situation. The San Francisco-based company was rumored to be raising $500 million on a valuation of $10 billion a few months ago, but details were never announced. AllThingsD says that Zynga will value itself higher than $10 billion.

Sources have told AllThingsD that Goldman Sachs will be one of lead bankers for the Zynga offering and that Zynga has hired John Schappert, chief operating officer of Electronic Arts. The latter hasn’t been announced, but sources have confirmed it with the publication.

Zynga's Facebook games have more than 250 million monthly active users, with the company's most popular title, CityVille, enjoying more than 90 million monthly active users. The company has 2,000 employees and has acquired 14 game companies in the last 12 months.

Source: AllThingsD by way of VentureBeat

Posted in

 
Forgot your password?
Username :
Password :

Poll

Will Target Australia sell the next GTA game upon its release?:

Shout box

You're not permitted to post shouts.
Andrew EisenYeah, wherever I play it, I'm not bothering until the entire game comes out. I don't care to play games in chunks.08/01/2015 - 2:46pm
Matthew Wilsonthan play it on ps3. its worth playing, at least when epasode 5 comes out in 6 to 8 weeks08/01/2015 - 2:39pm
Andrew EisenI'd prefer to play on console.08/01/2015 - 2:36pm
Matthew Wilson@AE you have a pc, buy it there.08/01/2015 - 2:33pm
Andrew EisenBut! My sister did buy me a PS3 for Christmas so I might play it yet!08/01/2015 - 2:16pm
Andrew EisenYeah, I'm hearing a lot of great things about that game and I'd love to give it a go. Too bad it's For Everything But Wii U.08/01/2015 - 2:13pm
Matthew Wilsonmy god....... people need to play life is strange. its a very very dark version of twin peaks08/01/2015 - 12:56pm
DocMelonheadLook, I know that you guys wanted to study Gamergate; hell, one of your writers were Interviewing KiA on the subject (He's been banned from GamerGhazi). Sadly, the minorities veiwed Gamergate the same way as WBC at best, and Nazis at worst.08/01/2015 - 12:31pm
DocMelonheadIP wanted you to know that GamerGate is about Harassing minorities into submission, not "Ethnics in Journalism". It been a year since the Zoe Post was published and sparked a hate mob on Zoe Quinn.08/01/2015 - 12:28pm
DocMelonheadThat what's IP's goal is here in regard to gamergate: to get you guys to disassociate yourselves from the harassers that made all those claims up to threaten the advocates of social justice for minorities.08/01/2015 - 12:24pm
DocMelonheadIP tries to demonize all of GamerGate and it's supporters, along with those who didn't outright condemn it as a cover for a hate mob full of bigots.08/01/2015 - 12:20pm
MechaCrashNo, IP is trying to dehumanize you, I'm just pointing out that you're a hypocrit who makes bad faith arguments.08/01/2015 - 11:56am
Andrew EisenAnd I'm off too. Play nice, y'all!08/01/2015 - 11:33am
Andrew EisenIn short, discussions of ethics in journalism? Totally fine. Said indie dev's sex life? Not okay.08/01/2015 - 11:31am
james_fudgeTry talking when you have hundreds of people tweeting at you at the same time :)08/01/2015 - 11:30am
Andrew EisenAnd yet, when 30-seconds of research showed that there was no relevance to said indie dev's sex life, many people kept talking about. Hell, still do to this day. I had a guy on Twitter pester me about this nonsense for an entire day last weekend.08/01/2015 - 11:30am
james_fudgeWhatever dude, you're here posting. No one's stopping you.08/01/2015 - 11:30am
Goth_SkunkBe advised: In approximately 30 minutes I'm heading out of town for an obligatory family reunion. This is being stated so that none can interpret my upcoming 24 hour hiatus as a tail-tucking turn from discussion.08/01/2015 - 11:28am
Goth_SkunkEven now, IronPatriot, MechaCrash, and Craig R. continue to attempt to shout me down and dehumanize me.08/01/2015 - 11:25am
Goth_SkunkWhat transpired afterwards was a concerted effort to shout down and dehumanize those trying to bring these matters out into the open. I remain utterly convinced of this to this day.08/01/2015 - 11:24am
 

Be Heard - Contact Your Politician