Electronic Arts recently splurged on social gaming developer Playfish; but they themselves have now reportedly been eclipsed by the biggest player in the emerging industry — Zynga.
Bloomberg is reporting that the FarmVille and FrontierVille developer has surpassed EA with a value of $5.51 billion according to SharesPost. EA is worth roughly $5.22 billion on the Nasdaq.
EA continues to be hit hard by the slumping economy, with shares dropping some 6.3 percent. Zynga’s value has more than doubled in the same period.
The estimation is by no means definitive. Zynga remains a privately held company, making SharesPost one of the only ways to get a read on the company’s value. Both Zynga and EA remain well behind Activision Blizzard though, which is worth more than 13 billion