Report: Yahoo Could be Looking to Purchase Zynga

Written by:
Aaron Goldstein
Published on:
Mar/11/2013
Report: Yahoo Could be Looking to Purchase Zynga

Shares in online poker company Zynga surged over 8 percent Monday on news that Yahoo! was possibly considering buying the company.

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Zynga’s shares have risen over 50 percent in recent months as the games developer makes plans to enter the real money online gambling market.  So far, New Jersey, Nevada and Delaware have legalized various forms of online gambling.

An analyst at Wunderlich Securities named Zynga among the possible takeover targets for Yahoo! after it was reported they were looking to make two major online acquisitions in the coming months.

Wunderlich insists that Yelp, not Zynga, is the likely target company of Yahoo!

- Aaron Goldstein, Gambling911.com

Business/Financial News

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