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Wednesday, 25 May 2011 - Social phenom Zynga on cusp of mega IPO: report |
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    Edition: U.S. Article Comments (0) Deals AIG share sale raises $8.7 billion after record bailout Yandex has international ambitions Skype founder sees upside for Microsoft after deal Social phenom Zynga on cusp of mega IPO: report Delay makes Chrysler stake buy costlier: Fiat CEO California Pizza agrees to $470 million buyout Diageo in talks with Cuervo on options Rosneft, China to discuss oil pricing in mid-June Breakingviews: El Paso reminds Big Oil breaking up is easy to do Follow Reuters Facebook Twitter RSS YouTube Read At least three killed by tornadoes in Arkansas 9:14am EDT Elizabeth Smart kidnapper could face life in prison 8:48am EDT HTC CEO says Windows Mango phones in development 8:43am EDT Netanyahu Congress speech raises few hopes 5:49am EDT Warning: Walking on a Florida street may be dangerous 4:26am EDT Discussed 327 Obama and Netanyahu face tense meeting on Mideast 126 As hours tick by, ”Judgment Day” looks a dud 105 Broadcaster silent as Judgment Day hours tick by Watched Scientists revive ancient spider in stunning 3D detail Tue, May 24 2011 Deadly Missouri tornado captured on video Mon, May 23 2011 Funnel cloud touches down in Oklahoma 4:31am EDT Social phenom Zynga on cusp of mega IPO: report Tweet Share this BANGALORE/LOS ANGELES (Reuters) - Zynga Inc may file for a multibillion-dollar IPO as early as this week, tech blog AllThingsDigital reported, as the maker of the Farmville and Mafia Wars games for Facebook heads toward a long-awaited market... Email Print Related News "Kung Fu Panda 2" teams with CityVille Fri, May 20 2011 Competition gets ugly in hot mobile games market Fri, May 20 2011 Top quotes from the Global Technology Summit Thu, May 19 2011 European start-ups shy away from IPO frenzy Thu, May 19 2011 LinkedIn IPO prices at $45 per share, but risks real Wed, May 18 2011 Analysis & Opinion Deals wrap: Copycats sure to follow LinkedIn Tech wrap: LinkedIn shares skyrocket in debut Related Topics Technology » Deals » Global Deals Data 2011 Q1 » Inflows Outflows » Media » Aerospace & Defense » Facebook » A screenshot of the game Farmville is seen in a handout photo. Credit: Reuters/Zynga/Handout BANGALORE/LOS ANGELES | Wed May 25, 2011 9:13am EDT BANGALORE/LOS ANGELES (Reuters) - Zynga Inc may file for a multibillion-dollar IPO as early as this week, tech blog AllThingsDigital reported, as the maker of the Farmville and Mafia Wars games for Facebook heads toward a long-awaited market debut. The social gaming phenomenon behind a series of popular games on Facebook has enlisted Goldman Sachs to be among its lead bankers, the blog cited unidentified sources as saying, hot on the heels of LinkedIn Corp's explosive debut. The privately held four-year-old firm backed by Kleiner Perkins Caufield and Byers and Andreesen Horowitz could file with the U.S. Securities and Exchange Commission this week or next week at the latest, the blog said. Zynga could price itself higher than the $10 billion it was valued at in its latest round of funding, after LinkedIn's stock more than doubled on its first trading day, underscoring rabid demand for Internet IPOs, the blog said. LinkedIn was the first prominent U.S. social networking company to test just how hungry investors were for social media companies such as Facebook, Groupon and Twitter, which are expected to go public in coming months. Zynga -- named after founder Mark Pincus' bulldog, Zinga -- has expanded rapidly through small acquisitions at the rate of about one a month in the past year, as it seeks to dominate the casual gaming market and expand internationally. It claims to host more than 50 million active users a day and over 215 million users a month, ranking it the largest and most active social gaming network on the Internet. And its market is exploding: research firm eMarketer estimates that overall revenue from social games could hit $1.09 billion this year from $856 million in 2010. Zynga's other investors include LinkedIn founder Reid Hoffman and Digital Sky Technologies. (Reporting by Himank Sharma in Bangalore and Edwin Chan; editing by Andre Grenon, Gary Hill) Technology Deals Global Deals Data 2011 Q1 Inflows Outflows Media Aerospace & Defense Facebook Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback   Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Super Lawyers Attorney Rating Service Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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