One of tech’s most anticipated public offerings of the year could be delayed, according to a report in the New York Post on Monday. Online gaming company Zynga may hold off on its IPO until November said The Post, citing a “source close to the company.”
It has certainly been an interesting week in Silicon Valley as two of the most closely watched companies in the world shuffled their executive suites. On Monday, Apple announced that its chief executive and charismatic leader Steve Jobs was taking a temporary medical leave — his third since 2004 — a day before Apple released its quarterly results. On Thursday, Google reported a stellar Q4 and dropped that Larry Page would be stepping into the role of chief executive, as Eric Schmidt takes up the executive chairman position.
It’s day three of the Sun Valley media conference and the event has started to feel like a Jane Goodall documentary, in which we’re Jane and the moguls are the apes who have become comfortable letting us observe and record their movements. Several media executives groggily making their way to the morning’s first session (scheduled to kick off at 7:30), stopped to chat with the throng of press waiting to greet them.
Before this week’s dueling Google and Microsoft search licensing deals with Twitter, a recurring rumor in Silicon Valley had Google trying to buy Twitter outright.