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.

    Read the full story here.


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