Baidu Shuts Down Zynga Acquisition Rumors

By  |  April 22, 2013
 | 

Chinese Internet giant Baidu has denied rumors that it’s seeking to acquire U.S. gaming company Zynga, according to TechCrunch.

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    Baidu denied the claims to TechCrunch after a bogus PR*Urgent press release claimed that the Chinese company was looking to offer $10 a share of Zynga, which is currently trading at $3.19. Both Baidu and Zynga are slated to release their earnings this week, leading to speculation that the press release could’ve been sent in an attempt to influence stock prices.

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