On Air Now

Current Show

WSAU Wisconsin Morning News   5:00 AM - 8:00 AM

Seth Mela, Tom King and Chris Conley

Show Info »

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 550 AM Wausau, WI 99.9 FM Stevens Point, WI

Weather

Current Conditions(Wausau,WI 54403)

More Weather »
54° Feels Like: 54°
Wind: SW 0 mph Past 24 hrs - Precip: 0.01”
Current Radar for Zip

Today

PM Thunderstorms 75°

Tonight

Clear 53°

Tomorrow

Mostly Sunny 79°

Alerts

Baidu rejects "false" statement it plans to buy Zynga

(Reuters) - Chinese search engine firm Baidu Inc rejected as fake a press release issued on Monday that said it was to buy U.S. social gaming company Zynga Inc.

Zynga shares jumped 4 percent in heavy premarket trading after the press release, on website www.prurgent.com, said Baidu would offer $10 per share for the company.

Zynga shares eased back to $3.24, up 1.5 percent, in morning trade on the Nasdaq.

Baidu's director of international communications, Kaiser Kuo, said the statement was false. Zynga was not available for comment.

The statement appeared to have been removed from the PR*Urgent website by mid-morning.

Zynga shares peaked at $15.91 early last year on the strength of its "Farmville" hit game, but struggled after its games lost their prominence on the Facebook social networking site.

Zynga is scheduled to report first-quarter results on Wednesday and Baidu on Thursday.

(Reporting by Sayantani Ghosh in Bangalore; Editing by Rodney Joyce)

Comments