Deals
Zynga Is Said to Be Close to Hiring Goldman Sachs to Lead IPO
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Zynga Inc. is in talks to have Goldman Sachs Group Inc. lead its initial public offering and provide a credit line of more than $1 billion to help make acquisitions, said a person with knowledge of the matter.
Goldman Sachs is expected to make a decision by today, said the person, who asked not to be named because the announcement hasn’t been made public. Zynga, the largest maker of games for Facebook Inc.’s site, is preparing to file for an IPO by the end of this month, the person said.