New independent data puts the Farmville studio at $5.51bn
The unprecedented growth of social game studio Zynga has seen the company’s valuation rocket past EA’s, according to independent data.
While previous independent valuations of Zynga were put between $2-3 million, SharesPost Inc calculates the Facebook games developer is valued at $5.51 billion. That figure puts Zynga’s estimated worth beyond that of Electronic Arts.
“The valuation is not that crazy, given what’s going on in the market,” said ThinkEquity LLC analyst Atul Bagga.
“It’s not that terribly expensive seeing the growth prospects,” Bagga added.
Zynga has undergone a process of fearsome expansion, having acquired over ten studios in twelve months, and now employs 1,200 full time staff.
Advertisement
The company is now making moves into Europe. Earlier this year it quietly opened a studio in Ireland and, more recently, bought German company Dextrose, creator of the Aves Engine.
I wonder if it was really necessary to take on all of those people so quickly. That is a huge amount of extra man management and project management to accomodate in a 12 month period.
If anyone from Zynga is reading this it sounds like it is a good time to sell... every rainbow must come to an end at some point... best to get off at the top ;)
Good luck to you.
