Zynga Received Over $100 Million From Google
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Google Inc. (NASDAQ:GOOG) has invested somewhere between $100 million and $200 million into Zynga according to a Google source with TechCrunch. Zynga has raised almost half a billion dollars in venture capital last year, including $150 million SoftBank Capital and $180 million from Digital Sky Technologies, Tiger Global, IVP, and Andreessen Horowitz.
The investment made by Google is part of a large strategic deal. Google may launch a new service called Google Games and Zynga may be their premier partner. Google made the investment, not their VC arm Google Ventures. Zynga has numerous strategic deals in place. Zynga signed a 5 year commitment to Facebook and has a games distribution with Yahoo! for Yahoo! Games.