My friends over at the WSJ have been knocking it out of the park lately, reporting last night that social gaming phenomenon Zynga is raising a new $250 million round of funding that values the company at between $7 - $9 billion according to, eh hem, sources. Then today Bloomberg piggybacked on the news, naming names in terms of players in the talks, including Fidelity investments and T.Rowe Price (who coincidentally �also has signifigant shares in gaming company Electronic Arts). Bloomberg also reiterated the same price for the round at $250 million and bumped the valuation range up to "close to ten million," continuing down the well worn path of hinting at market exuberance by running down the checkpoints signifying a tech industry investment bubble, er frenzy.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/p4CJbd32XTk/
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