Social gaming developer Zynga's latest estimate of $4.6 billion

Source: Internet
Author: User
Keywords Zynga myspace kpcb zygna
Tags application common stock company company registration continued converted into developer developers
Beijing time May 5 Morning news, according to foreign media reports, social game developers Zynga recently authorized the sale of 2 million preferred shares, which will make Zynga's implied value of more than 4 billion U.S. dollars.  The revised Company registration document will authorize Zynga to sell 2 million preferred shares at a price of $12.87 per share, which could eventually be converted into common stock, with the company valued at $4.6 billion in terms of about 360 million per cent of Zynga's total offerings. The application is in the context of Zynga's continued growth. Zynga has made a profit since its inception in 2007 and has claimed to estimate 235 million subscribers per month.  Its game has landed on popular social networking sites such as Facebook and MySpace, the hottest of which is the farm game Farmville for Facebook, with more than 80 million users. A few months before the application, Russian investment company Digital Sky Technology ("DST") has injected 180 million of billions of dollars into Zynga. DST also invested in Zynga's most important distribution channel, Facebook.  Zynga has also been favored by the broad and investment (Union Square Ventures) and the US's largest venture capital fund, Kleiner. A Zygna spokesman declined to comment on the matter. None of the investment companies has been able to comment immediately on the issue. (He Hui)
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