Zynga co-founder/former CEO Mark Pincus image credit : Christopher Michel on Flickr

Following a report of gaming company Zynga being approached concerning acquisition talks as per Bloomberg, The San Francisco based company’s stock has shot up over 16% during trading with a price hovering around $4.35 a share (as of writing).

As per Bloomberg’s report, Zynga, the firm behind popular games including Words With Friends and FarmVille has received precursory approaches concerning an acquisition although no formal talks have been kicked off.

Zynga which once dominated a major part of the gaming scene with several social-focused games has struggled in recent years to keep up with and replicate this success for new titles. Zynga’s daily active users along with other statistics have fallen by a significant gap beginning from 2014.

As of current, Zynga’s market cap hovers around $3.75 billion which place it as a target for prospective gaming giants also an acquisition of this scale will create a large buzz around gaming circles.

Zynga reported revenues of $861 million last year with millions of players for its game in total.

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