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Zynga Plans $250M Fundraising

San Francisco-based Zynga is seeking to raise about $250 million in new funding.

San Francisco-based Zynga is seeking to raise about $250 million in new funding, The Wall Street Journal reports. The deal may value the company between $7-9 billion. Zynga has already raised $360 million from a range of venture capital and other investment firms.

The company is in talks with at least one bank about raising financing as well as mutual funds and others. Zynga is a social-gaming company, which sells virtual goods in Facebook games.

Click here for the story from The Wall Street Journal.

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