M & A wrap: Game on for Zynga
Zynga plans to sell an 11.1 percent stake in a scaled-back initial public offering that would value the Facebook game maker at as much as $9 billion on a fully diluted basis.
For US Airways, the merger-hungry fifth-largest U.S. airline, a bankrupt American Airlines may present an irresistible takeover target, but many in the aviation world think the headaches and hassles of consolidation are not worth the payoff of such a tie-up.
Hedge funds are steering clear of the big bets they are famous for, rattled by worries that the lenders who bankroll their most lucrative plays will soon turn the taps off.
Warren Buffett appears to have traded in his heavy artillery for a pea shooter, reports The Street.
Led by this week’s global onslaught of deals, the mining industry yet again tops the list for weekly activity. Get an overview of the week in M&A, capital markets and syndicated loans from the Investment Banking Scorecard.