Leena Rao is currently working as a writer for TechCrunch. She recently finished graduate school of the Medill School of journalism at Northwestern University, where she studied business journalism and videography. From 2004 to 2007 she helped lead efforts for advocacy and community relationships Congressman Carloyn Maloney in New York. She graduated from Columbia University in 2003 where it was ... ? Read More
Zynga just filed another variant of the S-1 for the company's public offering of $ 1 billion, and that's what's new. Firstly in filing Zynga said that in March of this year, the company had an internal assessment to approximately $ 11.5 billion. Page 70: our Board of Directors determined that the fair value of our common shares and preferred shares series z stays $ 13.96 per share.
This was five months ago, and clearly Zynga in evaluation has increased dramatically. Many expect companies to be assessed at the time of posting to drop nearly 20 billion dollars of the United States.
Secondly, the company updated its income breakdown of your game. Four years ago, 93 percent of Zynga's online income came from his best three games. As you can see on the page two updated filing, the top three games accounted for 63% of online income in the first quarter of 2011. So basically it becomes less dependent on FarmVille and his other hits for income.
The company also published information on the revolving credit fund at page 63, in which Zynga has a line of credit up to $ 1 billion. Zynga to correct the error accounting for its Q1 2011 earnings, who added $ 7.5 million increase in Q1 revenue (p. 30), the social gaming giant Q1 revenues up to well over $ 240 million.
Zynga also added more than 300 staff members in the past two months, raising the total number of 2.543 employees worldwide.
In July, Zynga update its S-1 include a complete list of their investors and more detailed information on its relationship with Facebook.
Zynga was founded in July 2007, mark Pinkus and named after his late American bulldog, Zinga. Loyal and spirited, Zinga's name is a nod the legendary ...
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