MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, February 16, 2011 T. Rowe, Fidelity Make a Play for Facebook Game Developer 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 also reported 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. Printed from: MFWire.com/story.asp?s=36063 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |