Zynga Revenues Soar to $850 Million in 2010

Zynga, which develops popular games on Facebook, like CityVille and Mafia Wars, is considering raising up to $250 million in new funding, the WSJ reports. That transaction could value the three-year-old start-up at between $7 billion and $9 billion, according to people familiar with the matter. But sources also say its financials are sound, with Zynga earning $400 million in profit on $850 million in revenues last year.