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Zynga, Inc. Message Board

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  • okie_flats okie_flats Nov 13, 2012 11:45 PM Flag

    Is CFO Dave Wehner going to FB a move to pave the way for a buyout of ZNGA

    That was my first thought. FB would like to see Zinga do well and help generate revenue, and if taking it over to fix the problems is called for that would make sense.

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    • Wehner's specialty is M&A but he never had an accounting background (he has a #$%$ in Chemistry). He was only brought into Zynga in 2010 to help raise capital through the IPO, go on roadshows, promote the business, and now that is over, he is no longer needed. I am sure with him at FB, one of his targets will be Zynga. A bit of a conflict of interest though if he still owns shares of Zynga.

      As far as Vranesh goes, he is at least a CPA and better equipped to handle the day-to-day role of a CFO, reporting, and deal with the auditors, post IPO.

      I think their executive restructuring is now complete, with the exception of HR. HR of course is last. Let's see what happens in that area next.

      • 1 Reply to zynga_analyst
      • i think CFO's role become less relevent post IPO . good for zynga, one less high cost executive = better eps .

        overall the restructuring looks very focused and in line with there vision of # 1one mobile , social, mid core and real money gaming. In the first two category they are already # 1, mid core and real money they have a good chance by next year.

        on FB buyout , i doubt it will ever happen , zynga is a founder lead company they never sell out .

 
ZNGA
3.24+0.12(+3.85%)Jul 11 4:00 PMEDT

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