Yahoo M&A speculation has Zynga (ZNGA +7.7%) shorts fleeing for the exits. Wunderlich's...


Yahoo M&A speculation has Zynga (ZNGA +7.7%) shorts fleeing for the exits. Wunderlich's Blake Harper sees Zynga as a possible buyout target for Yahoo (YHOO), whose M&A chief recently said the company is working on two "significant" acquisitions (without elaborating), as the Internet giant tries to strengthen its mobile/social positioning. 16.4% of Zynga's float was shorted as of Feb. 15.
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Comments (17)
  • gabbs
    , contributor
    Comments (37) | Send Message
     
    I think Glu Mobile is a better acquisition
    11 Mar 2013, 12:13 PM Reply Like
  • Joseph Poma
    , contributor
    Comments (438) | Send Message
     
    ZNGA's growth opportunities would be severely hindered by a YHOO acquisition IMHO.
    11 Mar 2013, 12:14 PM Reply Like
  • DIgitalMediaView
    , contributor
    Comments (631) | Send Message
     
    Wonder if YHOO would continue pushing for gambling with their own mainstream branding identity to worry about?
    11 Mar 2013, 12:19 PM Reply Like
  • DIgitalMediaView
    , contributor
    Comments (631) | Send Message
     
    There's a long list of possibilities, with Yelp topping Harper's wishlist, and including OpenTable, Tumblr, Foursquare, Hulu, Jumptag, Millenial Media, Flipboard, and Pinterest. Yahoo may focus on a couple of significant deals. Hard to see ZNGA making the cut at anything like it's current valuation.
    11 Mar 2013, 12:17 PM Reply Like
  • DIgitalMediaView
    , contributor
    Comments (631) | Send Message
     
    WSJ just threw a bucket of cold water on the YHOO ZNGA speculation: "based on some existing evidence we have, it’s something that Yahoo CEO Marissa Mayer is likely to shy away from given some of her previous comments." http://on.wsj.com/YWCWxR
    11 Mar 2013, 07:30 PM Reply Like
  • DIgitalMediaView
    , contributor
    Comments (631) | Send Message
     
    Michael Pachter, managing director of research at Wedbush, completely dismisses the rumor: "The notion of Yahoo buying Zynga has 'zero credibility.'" http://bit.ly/WEZLvH
    11 Mar 2013, 11:53 PM Reply Like
  • haleiwahu
    , contributor
    Comments (3991) | Send Message
     
    Digital - glad you posted this. I seriously doubted Yahoo being interested in ZNGA.
    12 Mar 2013, 12:38 AM Reply Like
  • jerkytop
    , contributor
    Comments (6) | Send Message
     
    I'm thinking Fogdog.
    11 Mar 2013, 01:21 PM Reply Like
  • slcUTAH
    , contributor
    Comments (542) | Send Message
     
    Interesting. I really don't see this RUMORED merger happening. How would it be beneficial for both sides? Anyways, we will all find out soon enough if this is legit or just a rumor.

     

    -Cheers!
    11 Mar 2013, 01:22 PM Reply Like
  • chef_bucky
    , contributor
    Comment (1) | Send Message
     
    in any event, it helped me sell ZNGA at my limit price
    11 Mar 2013, 04:22 PM Reply Like
  • tunthan
    , contributor
    Comments (184) | Send Message
     
    buy back asap my friend!
    11 Mar 2013, 05:55 PM Reply Like
  • tunthan
    , contributor
    Comments (184) | Send Message
     
    I bought thousands of shares at $3, $3.30, $3.45, $3.62 and sold all I had, but went up. Now I jumped in again cautiously because I believe that today rumor about $ZNGA caught enough attention for the stock to move higher for another months, or so. I will call it "play with house money" Good Luck traders!
    11 Mar 2013, 05:31 PM Reply Like
  • Trongod2000
    , contributor
    Comments (105) | Send Message
     
    I don't claim to have a crystal ball. I am in a long position and under water at the moment.
    I can't imagine Yahoo buying Zynga. Just a small example of why is this: Can you see FaceBook staying aligned to games produced by Yahoo?
    What I can imagine is a backroom deal in which Facebook and Zynga agree to entice Yahoo to bid for Zynga driving the price up. Then Facebook comes along and outbids them. Facebook would still be getting a deal and depending on the holdings... somebody gets rich. And, it won't be Yahoo. Just the bidding war alone will make the deal smell much sweeter than just a buyout. Zynga and Facebook both win in such a deal I think.
    11 Mar 2013, 10:49 PM Reply Like
  • bsharks26
    , contributor
    Comments (195) | Send Message
     
    I doubt FB would want Zynga either.mits a has-been in game development. There are better companies out there for that. Yahoo buying Hulu would make a lot of sense. Perfect content source and entry I to every home who has Hulu P,us.
    12 Mar 2013, 08:01 AM Reply Like
  • wilsonta
    , contributor
    Comments (12) | Send Message
     
    maybe Yahoo won't confiscate my Poker chips
    12 Mar 2013, 08:25 AM Reply Like
  • haleiwahu
    , contributor
    Comments (3991) | Send Message
     
    That's why I don't play with ZNGA.
    17 Mar 2013, 09:32 AM Reply Like
  • tunthan
    , contributor
    Comments (184) | Send Message
     
    ZYNGA has money with a 200 million buyback program. So, it is safe and it is just a matter of how patient you can be at it. I am sure Pincus is cooking something secretly and it will be done before and after 2013 Q1 earning release. He won't wait until May when people sell their stocks and run away. That is my guess.
    18 Mar 2013, 01:08 AM Reply Like
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