Manne wrote:
Online games company Zynga Inc. said Wednesday that CEO Mark Pincus and other insiders will sell some of their stake at $12 a share, slightly below Wednesday's closing price.
Zynga earlier announced that the insiders planned to sell 43 million shares of stock, but it hadn't disclosed the price. Zynga, which had its initial public offering of stock in December, has said proceeds from the sale will go to the individuals, not the company.
Zynga is the maker of online games such as "CityVille," ''FarmVille and "Zynga Poker." Many of the games are played on Facebook, though Zynga has been working on expanding to other areas, notably mobile devices. "Words With Friends," a Scrabble-like game played mainly on smartphones, is one of its best-known titles.
It was one in a group of social Web companies that went public over the past year. Others include LinkedIn Corp., Groupon Inc. and Yelp Inc. Facebook is expected to have its IPO this spring, possibly in May.
Read More: www-cbsnews-com/8301-501366_162-57406166/zynga-insiders-price-new-stock-offering-at-$12/
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2012/03/25
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Thomas P added $972.90 to his bankroll for winning Championship Series Event #9, a $2,000 guaranteed stud tournament. Championship Series Event #10 was a $10,000 guaranteed hyper turbo event that earned Benjamin R $2,714.00 for his victory. Championship Series Event #11, the $15,000 guaranteed (1R+1A) meant that Ryan M got a very tidy $3450.00 for his win while Scott A took down Championship Series Event #12, a $30,000 guaranteed 3X shootout no limit hold 'em tournament for a stunning $9680.00 thanks to a prize pool that increased by almost 50% over the guarantee.
Josh F won Championship Series Event #13, the $50,000 Guaranteed Knock-Out tournament and got $11,000. He was soon joined in the winner's cycle by Charlie W, who took Championship Series Event #14, a $25,000 Guaranteed Turbo event, for $5,762.00.
Tonight sees Championship Series Event #15, a $10,000 Guaranteed Heads-Up tournament starting at 8pm. It's followed by Championship Series Event #16, the $3,000 Guaranteed Pot Limit Turbo Tournament at 10PM. Tuesday night will feature Championship Series Event #17, a $10,000 guaranteed shootout tournament starting at 8PM ET and Championship Series Event #18, a $5,000 guaranteed fixed limit turbo tournament at 10PM ET. All of these lead up to the $250,000 guaranteed main event on Sunday, April 1.
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