The company itself has declined to comment, but a report by All Things D citing 'sources close to the situation' suggests social gaming giant Zynga is preparing to file for an initial public offering (IPO).
The website claims Zynga is looking to take advantage of the current hunger for 'web 2.0 firms' within Wall Street, offering an IPO above its last valuation of $10 billion little over four years since the company was formed.
Opportunity of an offering
Zynga has been on an acquisition spree of late, taking control of 14 companies within the last 12 months San Francisco-based casual gaming specialist DNA Games the firm's most recent swoop.
Targeting industry luminaries has also been key, with Sony Online Entertainment's John Blakely joining Zynga as VP of development earlier in May.
But it was former COO Jon Schappert's move in April that first alerted attention to the possibility of an IPO, with Wedbush Securities analyst Michael Pachter commenting that such experience would be a necessary if the company was "serious about going public".
Zynga currently employs a 1,500 strong full time workforce across 13 different offices in six different countries.
Any IPO filing could come as early as next week.
[source: All Things D]
News
With a fine eye for detail, Keith Andrew is fuelled by strong coffee, Kylie Minogue and the shapely curve of a san serif font.
Related Articles
News
Feb 13th, 2024
Mobile revenue exceeds Take-Two’s expectations, making over $2 billion in nine months
Top Stories
Feature
Apr 25th, 2024
"Gaming in MENA is just starting. Investment will bring more attention to the region and create more opportunities"
Feature
Apr 24th, 2024
48 top mobile games in soft launch: Squad Busters, CSR 3, Plants vs. Zombies 3, LEGO Hill Climb Adventures, and more
Events
Esports Future Summit | Middle East | Apr 27th |
Dubai GameExpo Summit 2024 | Middle East | May 1st |
The MENA Games Industry Awards 2024 | Middle East | May 2nd |
GameDev Atlantic 2024 | May 4th | |
Mobidictum Meetup Berlin May 2024 | Europe | May 7th |
Mobidictum Meetup Tallinn May 2024 | Europe | May 21st |
Israel Mobile Summit 2024 | Middle East | Jun 6th |
DevGAMM Vilnius 2024 | Europe | Jun 14th |
Popular Stories
News
Apr 23rd, 2024
Supercell’s Squad Busters soft launches today with over 100,000 Google Play downloads
Feature
Apr 24th, 2024