Companies making news in the stock market today include Zynga Inc. (Nasdaq: ZNGA), Kraft Foods Inc. (NYSE: KFT), Hewlett-Packard Co (NYSE: HPQ) and Hartford Financial Services (NYSE: HIG).
Here's a roundup of these market moves:
Zynga Inc. (Nasdaq: ZNGA) said Wednesday it plans to buy OMGPOP, maker of the explosively popular "Draw Something" game.
Financial terms were not disclosed, but Zynga is rumored to have paid about $200 million for the start-up.
OMGPOP's Draw Something game tops both the iTunes "top paid" and "top free" lists, and is the top-grossing iTunes app. AllThingsD reports the company has recently been netting around $250,000 a day from the game, even after Apple (Nasdaq: AAPL) takes its 30% cut.
ZNGA rose 2.46% Wednesday to close at $13.72.
Kraft Foods Inc. (NYSE: KFT) announced a name-change for its global snacks business to be spunoff this year -