DealZone

M & A wrap: Who is Mark Pincus?

December 12, 2011

As Zynga Inc aims to list shares on the Nasdaq stock exchange this week in an initial public offering that will value the company at around $9 billion, investors eyeing the online games developer will be wise to understand its chief executive Mark Pincus.

Bloomberg uses an one-on-one meeting between Pincus and Facebook’s Mark Zuckerberg last year to show Pincus’s negotiating prowess.

Lehman Brothers Holdings Inc., which has approval for a $65 billion bankruptcy liquidation plan, will ask a judge to let it use $1.3 billion of the estate’s money to increase its stake in Archstone, its biggest real estate asset, Bloomberg reports, citing a person familiar with the planned bid.

Bank takeovers should face deeper scrutiny and directors be more accountable for their actions, Britain’s finance watchdog said in a long-awaited report into Royal Bank of Scotland’s near collapse.

Dozens of interviews conducted by the DealBook reveal that Jon Corzine played a much larger, hands-on role in MF Global’s high-stakes risk-taking than has previously been known.

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