Abu Dhabi Investment Firm Sues FarmVille Maker Zynga
Zynga which owns the most popular games on Facebook such as farmville and city Ville was sued by an Abu Dhabi-based investment firm that claims it is being denied the chance to purchase a stake in the company – according to Bloomberg.
Alpha Investment has a contract to buy one million shares of closely held Zynga from Andrew Trader, a former executive at the gamemaker, Alpha claimed in a complaint filed in Delaware Chancery Court in Wilmington. Alpha says it has agreed to pay $12.87 million for 1 million shares, which would value Zynga at $6.2 billion.
(via Dubai Beat)