Zynga delaying IPO?
Social-gaming site Zynga may delay its initial public offering until November as a result of the current turmoil in the stock market, according to the New York Post.
Zynga was looking to raise up to $1 billion by going public as early as September. But citing sources "with knowledge of Zynga's plans," the Post said the company has been concerned by the stock market's recent up-and-down ride, prompting it to back off on its IPO for now.
Launched in 2007, Zynga has turned into a force for online social gaming with such popular titles as FarmVille, … Read more