Blog Post

Gaming Firm Zynga Racks Up Huge $147 Million Round From Softbank Asia

Stay on Top of Enterprise Technology Trends

Get updates impacting your industry from our GigaOm Research Community
Join the Community!

According to separate reports from Nikkei, Bloomberg and *Reuters*, gaming-company-on-a-tear Zynga has raised a huge $147 million round from Softbank, for expansion into Asia. This deal has been in the works for a few months, with initial talks centered around Softbank, one of the largest telecom operators in Japan, being able to distribute Zynga games on phones and online through its services worldwide where it operates. This would include Yahoo (NSDQ: YHOO) Japan, where Softbank is the largest shareholder.

Zynga is not alien to big rounds: last fall it raised $180 million from Russian investment and holding firm DST, which is also the largest investor in Facebook. For Softbank, this is part of a strategic push to take more stakes in U.S. companies and help them in Asian expansion; it recently invested $10 million in RockYou.

Zynga would not comment on the reports.