Awwal 11, 1432 H/Feb 14, 2011, SPA -- Zynga, maker of the wildly popular Facebook games Farmville and Cityville, is in talks with investors to raise capital in a deal that would value the company at 7 billion to 9 billion dollars, The Wall Street Journal reported Monday, according to dpa. The high valuation comes on the heels of other investments in social-networking companies at sky-high estimates of their worth. Facebook was recently valued at around 50 billion dollars, Twitter at between 8 billion dollars and 10 billion dollars, and social shopping site Groupon rejected a 6-billion-dollar buyout offer from Google. Zynga's two most popular games, Farmville and Cityville, have almost 150 million active monthly players, many of whom spend real money to buy virtual goods to enhance their success in the game. In total, Zynga has 275 million active monthly users and generated 400 million dollars in profit last year on revenues of 850 million dollars, the report said. While the company has been barraged with offers from potential investors, the report said it has no immediate need for cash, as it has already raised more than 360 million dollars from a range of investors, including Google.
