Abu Dhabi Investment Firm Sues FarmVille Maker Zynga

28 Mar, 2011

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)

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  1. Beirut Media City  |  April 15th, 2011 at 10:33 PM #

    pffffff… why not invest in Local Talent, from Lebanon, Jordan, Egypt to develop such games, rather than invest in Zynga.

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