Zynga To Receive Valuation Between $7 To $9 Billion After $250 Million Funding

Social gaming company Zynga is having discussions with investors about raising around $250 million in funding. This would give Zynga between a $7 and $9 billion valuation. This past April, Zynga issued stock that valued them at $4 billion. Zynga is best known for making games like FarmVille and CityVille and selling virtual goods around them. Zynga has a total of 275 million active monthly users. The company made about $400 million in profit last year on $850 million in revenue. [WSJ]

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