Zynga Document Discloses Major Round of Financing in the Works

More evidence has surfaced that Zynga is close to completing a gigantic round of funding just shy of $500 million.

In February, Boomtown’s Kara Swisher reported that Zynga was raising $500 million, which would value the company at $10 billion.

Sources said the round included big institutional investors, such as Morgan Stanley, T. Rowe Price, Fidelity Investments and a smaller amount from existing venture investor Kleiner Perkins.

Today, Inside Social Games reports that the San Francisco-based games company, known for social games like Mafia Wars and Zynga Poker, filed a document with the State of California on April 14, showing that it has sold $490 million in Series C preferred Stock.

Occasionally, these documents are not a fair representation of the situation because they show intent rather than the completion of the round. They can also be out of date. A Zynga spokeswoman declined to comment.

Here’s the document from Inside Social Games:

Zynga April 2011

Latest Video

View all videos »

Search »

I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik