ZNGA - Zynga Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
6.30
+0.04 (+0.64%)
At close: 4:00PM EST

6.27 -0.03 (-0.48%)
Pre-Market: 8:34AM EST

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Previous Close6.26
Open6.29
Bid6.23 x 39400
Ask0.00 x 45900
Day's Range6.20 - 6.32
52 Week Range3.32 - 6.65
Volume12,175,390
Avg. Volume16,694,144
Market Cap5.997B
Beta (3Y Monthly)0.30
PE Ratio (TTM)126.00
EPS (TTM)0.05
Earnings DateFeb. 4, 2020 - Feb. 10, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est7.44
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  • Bloomberg

    EQT Nears Up to 650 Million Euros for Second Venture Fund

    (Bloomberg) -- EQT Partners AB, the Nordic buyout firm, is set to raise as much as 650 million euros ($716 million) for its latest venture fund, adding to the growing number of sizable European-based pots of capital chasing investments in startups.Stockholm-based EQT Ventures could reach a final close of between 600 million euros and 650 million euros in the coming weeks for its second venture fund, people familiar with the matter said, asking not to be identified as the process is private.A representative for EQT Ventures declined to comment.Launched in 2016, EQT Ventures raised 566 million euros for its maiden fund. The firm buys stakes in tech startups and invests between 1 million euros and 75 million euros in startups across Europe and the U.S.Led by Hjalmar Winbladh, the fund’s recent investments include autonomous electric transport system Einride and Beat81, a German-based fitness technology. The fund had its first exit in December when Zynga Inc. acquired control of Small Giant Games Oy for $560 million.Venture capital investment in Europe has already set a record this year. Investment over the first three quarters of the year hit $28.1 billion, surpassing the amount spent in all of 2018, according to a report from KPMG.Balderton Capital, the London-based venture capital firm, recently raised $400 million, making it one of the biggest early-stage investment funds in Europe, while Accel put together a $575 million fund for investments in European and Israeli startups in May.To contact the reporters on this story: Sarah Syed in London at ssyed35@bloomberg.net;Amy Thomson in London at athomson6@bloomberg.netTo contact the editors responsible for this story: Dinesh Nair at dnair5@bloomberg.net, Aaron Kirchfeld, Giles TurnerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Thomson Reuters StreetEvents

    Edited Transcript of ZNGA earnings conference call or presentation 30-Oct-19 9:30pm GMT

    Q3 2019 Zynga Inc Earnings Call

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  • Zynga Features English Hypercars in CSR Racing 2 With ‘Best of British’ Event Series
    Business Wire

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    Zynga Inc. , a global leader in interactive entertainment, has launched a ‘Best of British’ event series in CSR Racing 2 . ‘Best of British’ is a six-event collection series running through November 8 that features British hypercars such as the McLaren Senna, Noble M600 Carbon Sport, Ginetta Akula, Ultima RS and TVR Sagaris, among others.

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  • Zynga and Alec Baldwin Preview Creative Collaboration Celebrating the 10-Year Anniversary of Words With Friends
    Business Wire

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    Today, Zynga Inc. (ZNGA), a global leader in interactive entertainment, announced details of its creative collaboration with Emmy Award-winning actor, producer and director Alec Baldwin. A long-time player of Zynga’s iconic mobile game Words With Friends, Baldwin joins the title’s ongoing 10th anniversary celebration with a promotional content campaign, lending his signature wit and wry sensibility to humorous video vignettes that will be released over the next several months. In a sneak peek video interview just released, Baldwin discusses his personal connection to the game.

  • Zynga (ZNGA) Reports Break-Even Earnings for Q3
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  • Business Wire

    Zynga Announces Third Quarter 2019 Financial Results

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  • Does Zynga (NASDAQ:ZNGA) Have A Healthy Balance Sheet?
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  • Zynga (ZNGA) Stock Moves -0.16%: What You Should Know
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  • Business Wire

    Zynga to Discuss Third Quarter 2019 Financial Results on October 30, 2019

    Zynga Inc. today announced it will report its third quarter 2019 financial results on Wednesday, October 30, 2019, at approximately 1:05 p.m. Pacific Time .

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  • A Prenup Is the Latest Must-Have for Tech Startup Founders in Love
    Bloomberg

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    (Bloomberg) -- The young woman in Monica Mazzei’s San Francisco law office was adamant: She wanted a prenuptial agreement.Never mind that the client had barely anything to her name. What she had was a bunch of startup ideas. She and her fiancé, who already had his own small tech company, signed a prenup with clear terms, Mazzei said: “The spouse who has an idea [and] starts a business ‘owns’ that business. It’s their baby.”A few years later, Mazzei, a partner at Sideman Bancroft, was traveling through the San Francisco airport when she saw her former client on a magazine cover. Her startup had struck gold. Her husband’s business had fizzled.In Silicon Valley, where penniless programmers fervently believe their ideas are worth billions, getting rich can take priority over getting married. California law assumes that any wealth created during a marriage is community property, which should be split equally in a divorce. That’s alarming not just for young entrepreneurs but also their investors.Divorce HavocFortunately, a well-written prenup is a safeguard against post-divorce havoc, which is why more and more young couples are insisting on the agreements, according to more than half-a-dozen lawyers in the Bay Area and elsewhere. Long popular with older wealthy couples who re-marry, prenups are also being demanded by entrepreneurs who want to keep future windfalls to themselves.“I am seeing more and more young people want to enter into prenuptial agreements who do not currently have a lot of money now but plan to have a lot of money someday,” said Manhattan-based divorce attorney Jacqueline Newman.In a 2016 survey by the American Academy of Matrimonial Lawyers, 3 in 5 divorce attorneys said more clients were seeking prenups in the past three years. About half said they’d seen a spike in the number of millennials requesting the agreements.“People’s concepts and notions of fairness when it comes to privately held businesses are changing,” said Mazzei, adding she’s seen “a tremendous increase” in prenups in the past eight years. “They feel that even if they’re married, this is their passion. The agreement should be reflective of that.”‘It’s Complicated’Today’s startup founders have plenty of prenup-writing forebears to emulate. Google co-founder Sergey Brin and Anne Wojcicki, who helped found personal genomics company 23andMe, had a prenup when they married in 2007. After they divorced with little fanfare in 2015, his stake in Google remained unchanged.“It’s complicated -- that’s all I can say,” Wojcicki told Bloomberg TV about the split.Oracle Corp.’s Larry Ellison has been married and divorced multiple times, but none affected his stake in the software company. Ellison is the seventh-richest person in the world with a net worth of $59.8 billion, according to the Bloomberg Billionaires Index.Still, a prenup hardly guarantees a smooth divorce. Judges can and do throw out the agreements, especially if they’re drafted poorly. “If you don’t put in the right language, a lot of prenups don’t do the job,” said Lowell Sucherman, a divorce attorney at Sucherman Insalaco in San Francisco.In 2017, One Kings Lane co-founder Alison Gelb Pincus, wife of Zynga Inc. founder Mark Pincus, challenged their premarital agreement in court while the couple was getting a divorce, according to a court filing. It’s unclear whether she prevailed as final terms of the divorce aren’t public.While venture capital firms don’t explicitly require prenups, they do demand legal language protecting their investments in the event a divorce court hands a chunk of a founder’s shares to an ex-spouse. So do other co-founders.Founders’ Control“Founders have wanted to ensure that someone else can’t suddenly come in and obtain some sort of founders’ control,” said Par-Jorgen Parson, a partner at venture capital firm Northzone, who has served on the board of Spotify Technology SA. “It’s just as often driven by the founders as by external investors. You don’t want to rock the balance of power.”Venture capital firms often demand that founders’ husbands and wives sign “spousal consent” forms. Such agreements determine who gets to vote for board members, and how and when shares can be sold. In the event of a divorce settlement (or death or disability), a founders’ spouse might end up with company shares. But, the agreements ensure that an ex can’t exercise much, if any, control over the company post-divorce.“We’re trying to make sure that people don’t become involuntary business partners with someone they don’t know, don’t like or who aren’t qualified,” said James Ficenec, a partner at Newmeyer & Dillion in Walnut Creek, California.Divorcing founders will often do anything to avoid handing over half of their shares in their startup.‘Keeping More’“Founders will try to negotiate keeping more of their shares,” said Michael Gorback, a partner at Hanson Bridgett. “You might balance it out some other way,” by paying exes in cash, a home or other investments.MacKenzie Bezos and Amazon.com Inc. founder Jeff Bezos divorced earlier this year, leaving her with a 4% stake and a net worth of $34.6 billion, according to the Bloomberg index. He kept 75% of the couple’s Amazon shares, and retains voting control of those she does hold.Amazon’s stock, of course, is publicly traded, which can make divorce negotiations easier.“One issue we come across very often is, ‘How do you value a startup?’” Mazzei said. Years before an initial public offering, a startup might have no profits or even revenue to speak of. A promising company could later go under -- or eventually be worth billions.Trust, CredibilityIn a divorce, “it can be quite difficult when you have a large asset that is illiquid,” said Lyssa Grimaldo, a wealth manager at San Francisco-based Wetherby Asset Management and a certified divorce financial analyst. Adding to the problem, she said: “One partner knows more about that asset than the other.”With enough billable hours, lawyers can usually sort out the legal ramifications of divorce. They’re less helpful in containing the chaos that a founder’s marital problems might create in the workplace or business relationships.“We have companies where the founder is the brand, and trust and credibility are core to the business,” said Ed Zimmerman, partner and chair of the tech group at Lowenstein Sandler in New York. “If you are investing in a company because you think the founder is amazing,” it can be alarming to learn that he or she is facing the distraction of an acrimonious divorce or custody battle, he said.If a divorce isn’t disclosed to key investors, they can lose trust in a founder who they thought they knew well. Then there’s sometimes other nasty fallout, of the sort that companies are increasingly sensitive to in the metoo era.“It would be great if we lived in a world where people who had marital problems didn’t manifest those problems by hitting on or dating people who worked at their company,” Zimmerman said. “Those kinds of things tend to be more problematic than who gets the shares.”(Updates with adviser’s comment in 23rd paragraph.)To contact the reporters on this story: Ben Steverman in New York at bsteverman@bloomberg.net;Anders Melin in New York at amelin3@bloomberg.netTo contact the editors responsible for this story: Pierre Paulden at ppaulden@bloomberg.net, Steven Crabill, Peter EichenbaumFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

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