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News in brief: Zynga set for $1bn IPO; Guoco responds to Rank...

US social games developer could file for its IPO as soon as this week, according to media reports.

Social gaming company Zynga is set to file for a US$1bn (£624m) IPO, according to reports from Bloomberg. The developer recently announced plans to set up a European HQ in Ireland, having acquired PokerTableRatings creator MarketZero earlier in 2011. Guoco Group subsidiary All Global Investments Ltd (AGIL) has issued a statement on Rank Group's response…

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