Facebook (FB) No Longer Prohibited from Developing Own Games; Zynga (ZNGA) Falls

November 29, 2012 4:55 PM EST
Facebook (NASDAQ: FB) is ticking higher in late trading following an 8-K filing of an amended agreement with Zynga (Nasdaq: ZNGA).

Under the agreement: "effective on March 31, 2013, certain provisions related to web and mobile growth targets and schedules will no longer be applicable and Facebook will no longer be prohibited from developing its own games" emphasis ours].

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