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Zynga jumps after report of takeover interest

Jeremy C. Owens

Zynga Inc. shares jumped more than 10% and were briefly halted for volatility Tuesday after a report of takeover interest from a gaming rival. Bloomberg News reported Tuesday that Zynga has received preliminary interest from other game developers interested in acquiring the San Francisco mobile-gaming company, which has repeatedly been brought up in acquisition rumors while struggling to trade for even half its IPO price. The report, which relied on anonymous sources, said that no formal talks had yet taken place and did not name any of the potential suitors. "We do not comment on rumors," a Zynga spokeswoman said in an email to MarketWatch. Zynga shares zoomed as high as $4.50 in Tuesday trading, after opening at $3.86. The stock, which sold for $10 in a Dec. 2011 IPO but has not topped $5 since 2014, is up 6.3% so far this year, trailing the S&P 500 index's 2018 gain of 7.9%.