Zynga Inc's decision to bring in the head of Microsoft Corp's Xbox business to replace founder Mark Pincus is a bold stroke that was hailed on Wall Street, but it still leaves questions as to who is ultimately in charge at the troubled game-maker.Don Mattrick was personally recruited by Pincus. But Pincus holds on to 61 percent of the voting rights due to a two-tiered stock structure and will remain Zynga's chairman and its chief product officer.Mattrick, who is credited with building Microsoft's Xbox business into a gaming powerhouse, hesitated before agreeing to take the job, people with knowledge of the events said.His doubts finally faded during a grueling bike ride through the Santa Cruz mountains one recent weekend, when Pincus opened up to Mattrick about how he had come to terms emotionally with relinquishing the reins at the company he founded in 2007.
Zynga Inc. (Zynga), is a provider of social game services with 240 million average monthly active users over 175 countries. Shares of ZNGA traded higher by 10.43% or $0.29/share to $3.07. In the past year, the shares have traded as low as $2.09 and as high as $5.61. On average, 23302600 shares of ZNGA exchange hands on a given day and today's volume is recorded at 55131440.
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