Zynga is seeking to raise around $500 million from a group of investors, The Wall Street Journal reports. The U.S. social network game developer is in discussions with T Rowe Price Group, Fidelity Investments and Morgan Stanley for the fundraising, which would value the company at $10 billion.
The company’s existing investor, Kleiner Perkins Caufield & Byers, is also expected to take part in the fundraising. The California-based company was previously in preliminary talks with investors to raise around $250 million, valuing the company between $7 billion and $9 billion.
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