JANA Partners reveal stakes in Groupon & Zynga

zyngaHQ

Zynga headquarters in San Francisco

Barry Rosenstein’s major hedge fund; JANA Partners has purchased more than 20 million class A shares of Zynga and Groupon stock according to Reuters. This represents approximately 3% of a stake in both tech stocks. 

As a result, shares in each company rose on Wednesday with a combined value of USD200m. According to the source which analyses the funds first-quarter documents, an uncertain future could be in store for both companies.

“JANA Partners often pressures the companies it invests in to change their business strategies or sell themselves.” 

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