Zynga Raising $500 Million at $10 Billion Valuation

The fast-growing social gaming company Zynga is close to completing a funding round of $500 million, valuing the company at $10 billion, said multiple sources.

The round includes big institutional investors Morgan Stanley, T. Rowe Price and Fidelity Investments, as well as a token investment from existing venture investor Kleiner Perkins, in order to establish the huge valuation.

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