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Zynga Elaborates on Its IPO Risks After Schmidt Praises CEO

Zynga Inc. updated its initial public offering filing to expand on the risks of losing its chief executive officer after Google Inc. Chairman Eric Schmidt called him a “a fearsome, strong negotiator.”

In a Bloomberg News story on Dec. 12, Schmidt praised the ability of Zynga CEO Mark Pincus to forge deals, saying “he is a we’re-going-to-make-this-happen-or-else type of person.” Google is an investor in Zynga, and the remarks prompted the company to elaborate on an existing passage in its filing on the value of Pincus to the online-games startup.