/// Zynga Document Discloses Major Round of Financing in the Works [eMoney]

May 7, 2011  |  All Things Digital


More evidence has surfaced that Zynga is close to completing a gigantic round of funding just shy of $500 million. In February, Boomtown’s Kara Swisher reported that Zynga was raising $500 million, which would value the company at $10 billion. Sources said the round included big institutional investors, such as Morgan Stanley, T. Rowe Price, Fidelity Investments and a smaller amount from existing venture investor Kleiner Perkins. Today, Inside Social Games reports that the San Francisco-based games company, known for social games like Mafia Wars and Zynga Poker, filed a document with the State of California on April 14, showing that it has sold $490 million in Series C preferred Stock. Occasionally, these documents are not a fair representation of the situation because they show intent rather than the completion of the round. They can also be out of date. A Zynga spokeswoman declined to comment. Here’s the document from Inside Social Games : Zynga April 2011

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Zynga Document Discloses Major Round of Financing in the Works [eMoney]


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