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Is Mark Pincus thinking of taking Zynga (ZNGA +1.9%) private? The controversial CEO re-tweeted a...

  • Friday, October 12, 2012, 11:20 AM ET
    Is Mark Pincus thinking of taking Zynga (ZNGA +1.9%) private? The controversial CEO re-tweeted a comment linking to an analysis arguing Zynga should consider such a move. Pincus controls 50.15% of Zynga's voting rights, and is well-positioned to make a going-private offer if he wishes. Also, Zynga now has a market cap of just $1.88B in spite of closing Q2 with $1.6B in cash and investments, though the latter figure might decline some in the coming quarters.
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This news story has 3 comments:

  •  
    well that explains why he has been doing everything in his power to drive the stock price down!
    12 Oct 2012, 11:39 AM Reply Like
  •  
    The law suits by the shareholders would make such a move at this time impossible. He would lose in court and lose to the lawyers. And to make it worse, he could never do a startup again. No venture capital would come near him. The math may be right but I can't see it working.
    12 Oct 2012, 12:25 PM Reply Like
  •  
    Those are all silly, silly comments. The shareholder lawsuits will all fail. The high volume is merely indictive of the number of ambulance chasers we have and not legitimate cases. There is no evidence to suggest that any fraud took place. He still owns 8% of the company and intentionally tanking his net worth 85% is not something people plan to do.

    Taking it private is probably a great idea for Zynga given the level of un-substaniated vitriol against them. And any shareholder lucky/smart enough to get in at that time would make an instant 20-40% return
    12 Oct 2012, 04:04 PM Reply Like
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