Tuesday, February 15, 2011

Another skyhigh online company valuation

The creator of everyone's favorite online farm co-op, Zynga, Inc, is in talks with investors to raise around $250m. This would put Zynga's post-money valuation between $7b and $9b. Not only is that a lot of money, it also is a large increase in valuation from April, when it filed documents with the SEC valuing the Company around $4b. In less than a year this online game powerhouse has nearly doubled its valuation.

Zynga has been in growth mode, averaging one acquisition per month for the trailing twelve months.

A leading SF based fund manager, Larry Albukerk of EB Exchange Fund noted, "after Facebook, Zynga is the hottest company,"

For the complete article

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