Wednesday, May 15, 2013

Zynga, Groupon jump as Jana Partners reveals stakes

Player avatars from Zynga's FarmVille 2 are seen on a stairway at the entrance to Zynga headquarters in San Francisco By Alistair Barr and Svea Herbst-Bayliss BOSTON (Reuters) - Jana Partners, one of the leading activist hedge fund firms run by Barry Rosenstein, has taken a liking to two of the most beaten-up technology stocks, giving a fillip to the share prices of both companies Wednesday. Groupon climbed 5.5 percent to $7.28 in midday trading, a nine-month high. Zynga Inc. shares jumped 7 percent to $3.57. Jana, which oversees more than $4 billion in U.S. stock holdings, disclosed stakes of 24.6 million Zynga Inc class A shares and 21.9 million Groupon Inc class A shares in regulatory filings on Wednesday. ...








via Gaming News Headlines - Yahoo! News http://news.yahoo.com/zynga-jumps-more-7-percent-news-jana-partners-153802862.html

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