Zynga Resumes Trading After Being Halted After Takeover Talk Causes Spike

Zynga shares were halted up 9%.
By Tony Owusu ,

Trading of Zynga Inc. (ZNGA) - Get Report has resumed after being temporarily halted following a 5% spike on reports that the video game maker is the subject of takeover talks. 

The maker of Farmville is reportedly receiving takeover interest from an unnamed rival, according to Bloomberg. 

Zynga has been the subject of takeover talks for over a year as the company's stock has suffered amid a decline in the popularity of its games. At its lowest, Zynga was down more than 14% on the year at one point, but takeover rumors have the stock up 9% year to date. 

Zynga shares are up 13.4% to $4.38 Tuesday afternoon. 

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