After acquisition talks for game developer Zynga (ZNGA) were reported early Tuesday, a sudden 10+% spike in the stock caused a trading halt. The halt was lifted midday and trading resumed, and the share price closed the market Tuesday at $4.36, up +12.37%.
Zynga, headquartered in San Francisco, is known for mobile-based games FarmVille, Words With Friends, CSR Racing, and more. Zynga was in the news in late summer as well, after they announced a multi-year licensing agreement with Disney to create a real time strategy Star Wars game that would be free to play.