Zynga Files for $1B IPO

Social media game publisher Zynga is planning an initial public offering that would value the company at as much as $7 billion.
According to a regulatory filing, the company plans to sell a partial stake in itself – about 100 million shares – at $8.50 to $10 each.
Depending on where the IPO prices in that range, the offering could raise as much as $1 billion.