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Zynga shares soar after game developer reportedly draws takeover interest

Key Points
  • Zynga's stock rose after a report that the company is receiving takeover interest.
  • The rally lifted the game maker's stock  into positive territory for the year.
Zynga headquarters in San Francisco
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Shares of online game developer Zynga rose 12 percent on Tuesday following a Bloomberg report that the company has received takeover interest from rivals.

Zynga's stock climbed 48 cents to $4.36 at the close of trading, and is now up 9 percent for the year. It's the biggest move for Zynga's stock since early 2014.

A company spokesperson declined to comment.

In May, Zynga founder Mark Pincus stepped back from the company for a second time, three years after returning. Pincus relinquished the CEO role in 2016, and said in a blog post five months ago that he was "transitioning to non-executive chairman" and will likely focus his time on investing.

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Key Points
  • CNBC's Jim Cramer points out the power players in the communication services space, a new market category that includes everything from telecom to TV.
  • The "Mad Money" host's top picks? Disney and Alphabet, among others.