Lazard Capital Markets released a report showed that Facebook game sector competition pressure is not less, but is more intense than ever before.
Just when you thought the Facebook gaming sector couldn't get any more competitive, another report comes out saying things have tightened even further.
A toughening landscape bodes well (relatively) for established category leaders (such as Zynga and Electronic Arts) that have built large user bases and seem to enjoy network effects.
Zynga boosted the amount it may raise in its upcoming initial public offering to $1.15 billion with a potential valuation of between $5.9 and $7 billion, according to a new amendment to its SEC filing.
Zynga plans to raise around $850 million to $1.15 billion at a $5.9 billion to $6.99 billion valuation in an initial public offering that will be priced on Dec. 15 and begin trading the next day. Counting options, the value would be $7.6 billion to $8.9 billion.
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