Diamonds and Dogs

1/10/22

Zynga! A takeover in the video mobile game app space. Zynga (ZNGA) is jumping 44% after agreeing to be acquired by Take Two Interactive for $12.7 billion. Zynga is known for their popular mobile games, including "FarmVille," "Words With Friends," "Harry Potter: Puzzles & Spells," and "Zynga Poker." The acquisition is Take Two Interactive's ambition to capitalize on the rapidly growing mobile gaming segment.

Ski season off to a slow start. Vail Resorts (MTN) is down 4% to a four month low following earnings. Earnings actually beat expectations, but sales missed by a wife margin. A combination of limited snow in Colorado and the Northeast combined with the spread of the Omicron variant has made this another tough ski season for all operators. That's hope it improves.

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