Zynga Reports Partial Release of Lock-Up Agreements with Certain Officers and Directors
Zynga Inc. (Nasdaq: ZNGA) announced today that Morgan Stanley & Co. LLC and Goldman, Sachs & Co., the joint bookrunning managers and representatives of the underwriters for the Company's initial public offering in December 2011, have consented to the release of lock-up restrictions with respect to certain shares of the Company's Class A common stock held by certain officers and directors of the Company to facilitate sales by such officers and directors in connection with the Company's recently-announced secondary offering. The release will take effect concurrently with the secondary offering, and the shares may be sold only in connection with such offering.
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