Zynga has about 1,300 employees globally and is believed to be worth somewhere in the range of $5.5 billion. However, Zynga CEO Mark Pincus indicates that the Facebook gaming company is more likely to go public than be bought out.
“Zynga is not for sale. That is not my goal. I want to build an international treasure; an entity which lasts in people’s live for a long time,” said Pincus. “I cannot say Zynga will never be up for sale but we are more likely to IPO [go public] rather than be sold. Being sold is not my ambition. Going public makes it easier for investors to monetize your product.”
With over 60 million players worldwide, Pincus has big ambitions. “I want Zynga to be become to a verb, like to Google has,” said Pincus. “I want people to Zynga each other and for the word to become completely aligned with gaming.”
Source: The Telegraph
