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Zynga valued at $5.51bn

Estimate doubled in seven months - leapfrogs EA but $8bn behind Activision

FarmVille firm Zynga has been valued at $5.51 billion by analyst SharesPost - more than double its estimated worth of $2.61 billion back in March this year.

This puts the controversial Mafia Wars studio ahead of the NASDAQ value of EA, at $5.16 billion, reports Businessweek.

EA has seen its share price lower by 7.4 per cent overall during the same period, but for a time saw significant gains in the run up to Medal of Honor's release. Its share price is currently rising slightly (by 1 per cent last night) following last week's acquisition of Chillingo.

Activision Blizzard remains king of the hill, however, currently being valued at $13.9 billion.

SharesPost figures are estimates, with Zynga declining to comment on them.

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Alec Meer

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A 10-year veteran of scribbling about video games, Alec primarily writes for Rock, Paper, Shotgun, but given any opportunity he will escape his keyboard and mouse ghetto to write about any and all formats.

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