Rumor: Zynga to Introduce Employee Stock Sale Plan as It Waits On IPO [Confirmed]
Zynga is planning to let at least some employees sell a portion of their stock in the hot social gaming company to outside investors, according to two industry sources. Institutional Venture Partners, a late-stage venture firm that has already invested in the company, is the purchaser of all the employee stock going up for sale, one source tells us.
[Updates: Zynga has announced $180 million in funding led by DST, with hedge fund Tiger Global, Andreessen Horowitz, and IVP participating.
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