Report: Zynga To File IPO By Next Week

Social games giant Zynga is preparing to file for its initial public offering, according to media reports. The Wall Street Journal's All Things Digital blog is reporting that the IPO will be filed with the U.S. Securities and Exchange Commission by next week at the latest, and may even happen as early as this week, citing "sources close to the situation." Speculation surrounding the Farmville company preparing for an IPO has been up in the air since last year, when the company appointed Dave Wehner, formerly a managing director at investment bank Allen & Co., as its new chief financial officer. Earlier this month, Zynga said it hired John Blakely, originally vice president of development at Sony Online Entertainment, as a general manager at its Austin branch. The company also acquired San Francisco-based Casino City developer DNA Games, marking its 14th acquisition in the last 12 months.