T. Rowe Price Group Inc. [see profile]
and Fidelity Investments [see profile]
are in talks with Zynga Inc., the biggest maker of games on Facebook, to make a capital infusion into the company, Bloomberg reports
The Wall Street Journal
that the San Francisco-based company is looking to raising some $250 million from investors at a valuation of as much as $9 billion.
T. Rowe Price reportedly also owns stakes in Twitter Inc. and Angie’s List and, along with Fidelity, previously invested in Slide Inc., which was bought by Google Inc. in 2010. Zynga’s popular games, “CityVille” and “FarmVille,” have 96.3 million and 51.3 million monthly active users, respectively, according to AppData.com.
The San Francisco Chronicle
and The Guardian
also covered the story.
Stay ahead of the news ... Sign up for our email alerts now