20°
Submitted by Emilio_Estevez 680d ago | news

Zynga Underwriter J.P. Morgan Reduces Stake to Almost Zero

AllThingsD write:

"One of the major underwriters in Zynga’s public offering has reduced its stake to nearly zero, according to a document filed with the SEC today.

J.P. Morgan now owns 2.6 million shares, or less than half of a percent of the social games company. Based on today’s stock price of $2.59 a share, the shares are worth only $7 million." (Industry, Zynga)

Credit url: joystiq.com

Add comment

You need to be registered to add comments. Register here or login
Remember
New stories
40°

The Co-op Podcast #100: GOTY Season Begins

17m ago - Gary Swaby of The Koalition writes: It’s finally here, our 100th episode special. Many people... | PS4
20°

Across Age 2 - Guide, Cheats and Strategy Tips

18m ago - Across Age 2 Guide Cheats - Strategy Tips for Android iPhone Game Learn sword skills by meeting... | iPhone
20°

PSLS Versus – PS4 vs. Xbox One: One Year After, Who’s Winning?

18m ago - PSLS Versus – PS4 vs. Xbox One: One Year After, Who’s Winning? | PS4
20°

Total War: Attila Release Date Confirmed

18m ago - Total War: Attila, The Creative Assembly’s newest addition to the acclaimed Total War series, wil... | PC
Ad

Blood & Blade Giveaway

Now - Join us in celebrating the release of Blood & Blade with a key giveaway for in game gems. | Promoted post
20°

Ionscape released on IOS and Google Play

18m ago - After a successful domestic launch at Norway’s largest gaming convention, Spillexpo, Working Mill... | iPhone