Zynga (ZNGA) just filed an amended IPO registration, but didn’t alter the actual deal terms. Instead, the primary change seems to be the following insertion, regarding CEO Mark Pincus:
On December 12, 2011, Bloomberg News reported in an article that Eric Schmidt, the Executive Chairman of the Board of Directors of Google Inc., one of our stockholders, had said with respect to Mark Pincus, our founder and chief executive officer, “he is a we’re-going-to-make-this-happen-or-else type of person” and “he is a fearsome, strong negotiator.” The article also stated “Pincus often gets his way with other companies as well, said Google’s Schmidt. In the summer of 2009, Pincus was seeking a partnership that led to Google buying a 3 percent stake in Zynga. When Pincus came to the negotiating table, he knew more about the proposed deal than everyone on the Google side of the table combined, according to Schmidt.” Google has agreed to sell shares of our Class A common stock in this offering if the over-allotment option the selling stockholders have granted to the underwriters is exercised. The statements regarding Mr. Pincus should not be taken in isolation, but should be read together with the risks and uncertainties described in this prospectus. You should make your investment decision only after reading this entire prospectus carefully.
So if you want your CEOs soft and cuddly, Zynga is not for you. But if you’re looking for someone a bit more Halloween, then you should be able to scoop up some Zynga shares by this time tomorrow…
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