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Zynga +2.2% as Jefferies sees positives in pipeline, HQ sale

Published 12/10/2018, 10:47 AM
© Reuters.  Zynga +2.2% as Jefferies sees positives in pipeline, HQ sale
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  • Zynga (NASDAQ:ZNGA) is up 2.2% after some positivity from Jefferies coming out of management meetings.
  • Analyst Timothy O'Shea says eight new games are expected by 2020, shoring up the pipeline, and the potential sale of its San Francisco headquarters could bring $600M, which could fuel more M&A and buybacks. (h/t Bloomberg)
  • Zynga had bought the elaborate headquarters space in 2012 for $228M (at which point it took up 65% of the space), and has considered a sale at various points over the past couple of years.
  • Previously: Zynga up 4.1% as it mulls drawing big gain on HQ sale (Feb. 25 2016)
  • Now read: Why I Sold Zynga


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