Amended SEC Filing Values Zynga at $11 Billion

Posted 08/12/2011 at 7:51am | by Paul Lilly

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There's big bucks in farming (Farmville), whacking the competition (Mafia Wars), exploring the wild west (Frontierville), raising pets and dressing them up (Petville), exploring islands (Treasure Isle), and, well, hopefully by now you get the idea. Zynga's various 'villes and other social games have turned the San Francisco game company into a multi-billion juggernaut, according to an amended SEC filing, CNet reports.

Citing an S-1 registration filed yesterday, CNet says Zynga now reckons it's worth $11.15 billion, a number that should help justify the game maker attempting to raise a $1 billion IPO. What's more, Zynga stated it has a revolving line of credit through Morgan Stanley good for up to $1 billion. Those are all big numbers, and as it stands, everything pretty much hinges on Facebook staying relevant.

"We are the world's largest social game developer with 232 million average monthly active users in 166 countries," the filing said. "Current, substantially all of our revenue is generated from players accessing our games via the Facebook platform."

There's probably little reason for Zynga to worry about its game world crashing down. The biggest threat to Facebook is Google+, and that's still by invite only. What's more, Google has begun rolling out casual games to users, and we fully expect Zynga to make an appearance.

Image Credits: Zynga and flickr (Tracy O)