(Reuters) – Machine Zone Inc, the developer of popular mobile game “Game of War: Fire Age,” is in talks with JPMorgan Chase & Co to raise funding that could value the company at more than $3 billion, the Wall Street Journal reported, citing people familiar with the matter. The expected valuation would make the Palo Alto, California-based company one of the biggest startups in the world in terms of market cap, the report said. Machine Zone is expected to raise about $250 million in a private placement, Bloomberg News reported, citing a person with knowledge of the company. The company, launched in 2008 as a dating app developer, renamed itself as Machine Zone in 2012 and shifted its strategy to focus on mobile games, according to the Journal.
‘Game of War’ mobile game developer looking at $3 billion valuation: WSJ
17
Jul
2014
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