In a move that will spur talk about a much-anticipated initial public offering, social game publisher Zynga hired a new chief financial officer today. Dave Wehner, former managing director at Allen & Co., will be the new CFO.
Wehner has worked at Allen & Co., the media and technology investment bank headed by Herb Allen, since 2001. He replaces Mark Vranesh, who becomes Zynga’s chief accounting officer, reporting to Wehner. A source familiar with matter says that the hiring does not signal that an IPO is coming soon. Given his background, it might be more likely that Zynga will continue its string of acquisitions.
Zynga declined to comment on whether it will do an IPO. With its private valuation estimated at around $4 billion to $5 billion, the IPO could be one of the biggest events in the young social gaming market, where Zynga dominates the field.
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