Only about four years old, Zynga (NASDAQ:ZNGA) has become one of the hottest gaming companies in the world. It generates over $1 billion in revenues, which come mostly from selling virtual items. Oh, its market cap is about $10 billion.
So what’s next? Zynga now wants to get into real estate. That is, the company plans to shell out $228 million for its headquarters, which is located in San Francisco. Zynga has already made a $25 million deposit.
No doubt, this transaction is chump change, because Zynga has nearly $2 billion in the bank.
The headquarters it’s buying is about 670,000 square feet. It also has some unique design features. For example, there is a Winnebago in the entrance and cafes that are well stocked with expensive sushi.