Two Big News: Supervalu Inc.(NYSE:SVU) & Zynga (NASDAQ:ZNGA)

Prospective bidders for grocery company, SUPERVALU INC.(NYSE:SVU) are interested in buying separate parts of the business, while the company's advisors are persuading them to buy the entire business. Bloomberg reported on Thursday.

Supervalu, a company with an 80-year history has refused to drop the prices of its products even as grocery sales have been stagnating with more American preferring to eat out. This has led customers to shun its stores and seek cheaper alternatives even if it means driving longer distances out of town.

Supervalu was valued at 3.82 times earnings before interest, taxes, depreciation and amortization an is much ehaper compared to its peers such as Cincinnati-based Kroger Co. which was valued at 6.64 times of its Ebitda.

Even then it has become difficult to find a suitor for the company which has 11 far-flung grocery chain, a key reason why a single purchaser is not willing to buy the entire company. Goldman Sachs is advising the company on this deal.

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Cerberus Capital Management LP is examining a possible deal involving the Albertsons unit, Koninklijke Ahold NV (AH), the Amsterdam-based parent of Giant Food Stores LLC, is interested in the Shoppers chain, which operates in Maryland, Virginia and Washington.

Shares of SVU soared over 11% to $2.36 by mid day session.

If Supervalu is struggling to be sold, game developer Zynga Inc (NASDAQ:ZNGA) is struggling to hold on to its top executives. According to reports at least four senior managers have quit the company this month.

These top-level exits come at a time when the company is facing slowing revenue growth and its stock price has crashed, to nearly 30 percent of its value last year when it made its debut in the stock markets.

Among those who have left the company are general managers Erik Bethke and Alan Patmore. Another general manager Jeremy Strauser resigned this month while Bing Chu, a vice president in the company's mobile division also quit.

Bloomberg said that Chu and strauser did not respond to requests for comments while a spokeswoman for Zynga said, "“Zynga continues to lead the industry with the top talent in social-game development."

Shares of ZNGA slid 1.85% to $3.19.