Report: Zynga valued at $9 billion
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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.