Zynga: We Bought OMGPOP For $180M, Pincus To Sell 15 Percent Of Shares In Secondary Offering

Zynga has just released a new S-1 in connection with its secondary offering. The company is looking to sell up to 43 million shares (42,969,153 shares to be exact). Zynga's CEO Mark Pincus will sell 15 percent of his shares, which is worth around $227 million based on yesterday's stock price. Pincus' voting power post-sale will go from 36.5 percent to 35.9 percent, according to the filing. Investors IVP, SilverLake, Union Square Ventures, Google, Reid Hoffman are also selling in the offering, as is board member Jeffrey Katzenberg. Owen Van Natta, General Counsel Reggis Davis, COO John Schappert and CFO Dave Wehner are selling shares as well (see chart below).

Source: http://feedproxy.google.com/~r/Techcrunch/~3/Vhi0HVsfAJU/

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