New SEC Filing Puts Zynga Valuation at $11B

Zynga has an internal valuation of $11 billion? They must be smoking what they're growing down in FarmVille.

"In March 2011, we obtained a third-party valuation report that used recent arms length transactions in our stock as the primary indication of value. These transactions indicated a valuation of $11.15 billion based on fully diluted shares outstanding," the filing with the U.S. Securities and Exchange Commission said.

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