Zynga rises after SoftBank reports stake

Japanese tech/telecom giant SoftBank (SFTBF) has reported a 0.8% passive stake in Zynga (ZNGA +2.9%). Shares of the social game developer have rallied in response, and are close to their 52-week high of $4.97.

SoftBank's empire includes Sprint (80%-owned), a 37% stake in Chinese e-commerce giant Alibaba, and Japan's third-largest mobile carrier.

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Comments (3)
  • Richard0623
    , contributor
    Comments (178) | Send Message
    SoftBank actually reduced their stake...
    12 Feb 2014, 04:00 PM Reply Like
  • el stevadore
    , contributor
    Comments (144) | Send Message
    oh, good to know, i own ZNGA puts. Richard, how do you know they reduced their stake?
    12 Feb 2014, 10:43 PM Reply Like
  • haleiwahu
    , contributor
    Comments (4011) | Send Message
    Good to see share holders making money on ZNGA. Just can't figure out what they did to earn it?
    13 Feb 2014, 12:19 AM Reply Like
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