Deals
Zynga Buys NaturalMotion to Bolster Mobile, Cut Staff
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Zynga Inc. soared the most since its initial public offering after saying it will cut 15 percent of its staff and buy a popular mobile developer for $527 million.
The stock jumped 17 percent to $4.18 at 10:01 a.m. in New York, after rising as much as 26 percent, the biggest intraday gain since the company’s IPO in December 2011 at $10 a share.