Zynga scores $147m investment

Zynga scores $147m investment

By Stuart Dredge

June 18th 2010 at 10:33AM

Farmville studio strikes huge financial backing from Japan-based venture capitalists SoftBank.

Social games giant Zynga is taking a $147 million investment from Japanese telco Softbank, according to a report in Business Week.

Citing two people familiar with the deal, the report claims that mobile will play a key role in the partnership between the two companies:

"Softbank and Zynga have discussed distributing and jointly promoting games through Softbank’s mobile-phone service in Japan and other countries..."

Zynga announced its latest iPhone game last week during Apple's WWDC keynote - it's bringing Facebook hit Farmville to Apple devices.

The company isn't new to the App Store though: it launched several games including Live Poker in the early days of the App Store, before stepping back to focus on its online growth.

This story originally appeared on our sister site Mobile Entertainment.