M & A wrap: Who is Mark Pincus?
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.