Facebook Amends IPO Filing to Show Zynga Partnership Details
February 09, 2012, 9:56 PM ESTBy Lee Spears
(Adds cooperation on growth targets in third paragraph.)
Feb. 8 (Bloomberg) -- Facebook Inc., which is planning a $5 billion initial public offering, said it’s working with online- gaming company Zynga Inc. to fuel growth.
The cooperation, outlined by Menlo Park, California-based Facebook in a regulatory filing today, matched a disclosure made by Zynga as the maker of social games prepared for its December IPO.
Facebook and Zynga want to “work together to increase the number of users of each party’s products and services,” Facebook said in today’s filing. Zynga grants Facebook exclusive game titles, and the two companies are working together to set growth targets for monthly unique users of Zynga games, the filing shows.
Facebook is responsible for more than 90 percent of Zynga’s sales, according to a regulatory document filed by Zynga in December.
--Editors: Elizabeth Wollman, Jillian Ward
To contact the reporter on this story: Lee Spears in New York at lspears3@bloomberg.net
To contact the editor responsible for this story: Jennifer Sondag at jsondag@bloomberg.net
