US mobile studio Machine Zone is currently wrapping up a new round of fundraising that will value the developer at more than $3bn, a new report claims.
Sources with knowledge of the business told The Wall Street Journallast week that the company is projecting $600m in revenue this year alone.
The sources further stated that Machine Zone is in "advanced talks" with JP Morgan Chase & Co. to raise funding at a valuation surpassing $3bn.
The studio has established its recent success on the shoulders of its free-to-play MMO Game of War: Fire Age. The title launched on iOS last year and is currently the third highest grossing app on Apple’s store, only trailing mobile behemoths Candy Crush Saga and Clash of Clans.