Sharing of Simon property to give the CEO of a million remain

By Ilaina Jonas

NEW YORK | Thursday, July 7, 2011 7: 26 a.m. EDT

NEW YORK (Reuters) - the Commission of Simon Property Group Inc. (SPG).(N), the largest owner of U.S. malls and outlet centers, has agreed to a plan that will give the CEO and President David Simon 1 million units for him to stay with the company at least another eight years, according to a regulatory filing.

Based on the price actions when the Commission has concluded the agreement on 6 July, the price of retention was rated 120,3 million, according to a filing Thursday with the Securities and Exchange Commission.

Premiums of long term performance units, as the shares, once they are earned and acquired, will be distributed in three stages, starting in year six, according to the filing.

David Simon is also entitled to remain in the program of performance bonuses in the long term, according to the filing. This program gives the senior leaders of eight 35 million under the program in 2011. As General Manager, its share is 12 million, according to the filing.

The 2011 program will be based on performance over the years 2011 to 2013.

Simon also gets an annual salary of $ 1.25 million. But it is also eligible for an annual bonus of 200% of base salary target, or another $ 2.50 million, if it meets certain performance goals, according to the filing.

Simon Property Group is the largest U.S. real estate investment trust. David Simon became CEO in 1995, when the market capitalization was $ 1.5 billion dollars, according to the filing. July 6, when the Board and its Committee of approved Compensation plan, the market capitalization of the Indianapolis-based company has been more than 42 billion dollars.

Shares closed up 1.1% or $1.35 to 121.58 Simon $ to the New York Stock Exchange. Until now, the actions are up 22%. (Reporting by Ilaina Jonas; editing by Andre Grenon and Lisa Shumaker)

Zynga files for intellectual property offices, surfing on the wave of Facebook

Hometown of CityVille in image courtesy of Zynga Game.

Credit: Reuters/HandoutBy Jennifer Saba and Clare Baldwin

NEW YORK | Friday 1st Jul 2011 5: 04 pm EDT

NEW YORK (Reuters) - Zynga Inc., developer of popular games of Facebook like FarmVille and Mafia wars, could be the best proxy for investment in Facebook, so that the greatest social network of worldwide public goes himself.

Zynga filed with regulators Friday for an initial public offering up to $ 1 billion, stressing that his relationship with Facebook will play a major role in its future success.

That narrow pairing is a double-edged sword. On the one hand, Zynga gets access to Facebook more than 500 million members, and Zynga keeps people returning to Facebook.

In contrast, Zynga warned in the section of risk factors for its introduction on the stock exchange filing relies on Facebook for almost all of his income and the players. "Any deterioration in our relationship with Facebook would be detrimental to our business," said Zynga.

Zynga is the Publisher of games the top on the social networking site No.1 in the world. While its games is free, income comes mainly from the sale of virtual items such as weapons which use in games and tractors.

Last year, the society of online games is close declaring war on a policy change of Facebook involving credits - Zynga currency players use to buy virtual goods. Facebook wanted to take a cut of 30 per cent of the transactions.

Gordon Bing, a veteran of the video game, Zynga Board member and a partner at Kleiner Perkins Caufield & Byers, described the deadlock at the TechCrunch Conference destroy in may as a version of the Silicon Valley of the missile crisis Cuban where Zynga was at one time prepared to walk away from Facebook.

"Facebook love decrease its dependence on the Zynga, but it is not going to Zynga, said Michael Pachter, an analyst with securities Wedbush." "" Zynga is reason for return on Facebook each day. »

So far, cut by 30 per cent of Facebook for virtual goods sold on its platform seem yet to have poorly Zynga.

"232 Million monthly active users and (income of) $ 235 million, which is $ 1 monthly active user per quarter, which is impressive," says Pachter.

In the three months that is ended March 31, the ordinary shareholders of Zynga broke out same 235.4 million revenue. Adjusted before interests, taxes and depreciation (EBITDA) was 112.3 million, 20 per cent over the same quarter a year earlier, according to the prospectus.

COMPANY SOLID, HIGH PRICE

A source earlier told Reuters that Zynga Pit could increase by 1.5 to 2 billion and the value of the company to 15 billion to $ 20 billion. Figure 1 billion Zynga gave in his introduction to calculate registration fees, and the final size of the IPO might be different.

The filing comes just ahead of the annual Conference of the Valley of the Sun next week, where Zynga founder and CEO Mark Pincus should rub elbows with bosses of media, Internet entrepreneurs and investors.

Zynga offers investors an alternative to traditional video game, including the companies share eroded in recent years. Games of Zynga, which requires no equipment, have been eating in the video game industry 60.4 billion, consisting largely of action or sports of the games played on consoles and televisions.

Consider the pillars Electronic Arts games and Activision Blizzard Inc. Sterne Agee analyst Arvind Bhatia believes that EA is trading 11 times its past four quarters EBITDA enterprise value, while Activision is commercial at 6 times. Zynga would trade at 34 times based on an assessment of $ 15 billion.

Zynga said Government U.S. beach deposit shares how he intended to sell or give an expected price.

"Of all the Internet and social media IPOs so far, we have seen, Zynga is one of the most solid, said Paul Verna, a senior analyst at eMarketer.".

"LinkedIn has not generated large profits for the moment, Pandora is uneconomic and Twitter is not ready to generate significant revenues." Zynga has much to show for it. »

Morgan Stanley, Goldman Sachs, Bank of America, Merrill Lynch, Barclays Capital, JPMorgan and Allen & Co are underwriting the IPO.

(Reports of Clare Baldwin, Jennifer Saba in New York.Liane b. Baker, in Montreal and Alistair Barr in San Francisco;)

(Editing by Lisa Von Ahn, Gunna Dickson, Robert MacMillan and Bernard Orr)

China can launch first property taxes in the first quarter (Reuters)

SHANGHAI/BEIJING (Reuters) - China is set to further clamp on the housing market floating the country imposing a tax of property of long controversial for the first time in the southwest of Chongqing City, national media reported Monday.

Chongqing won "in principle" approval of the Ministry of finance and can introduce property tax as soon as this quarter, City Government cited China Securities Journal says.

Analysts expect the tax of approximately 1%, said the newspaper.

China has debated for many years to have a tax but retained fears, could seriously affect the market.

National media, recent months suggest, however, that the Chinese Government is finally warming to the idea and could impose a property tax on an experimental basis in several cities including Chongqing, Shanghai, Beijing and Shenzhen.

The China Business News has declared Monday as Chongqing likely to tax only the high range, unlike Shanghai, properties which reportedly will tax only certain secondary residences.

China has taken a series of measures to cool its market of property inflamed since late 2009 in efforts to combat speculation "hot money" flowing into the country.

Despite the measures, the housing prices in major cities in China soared by more than one-fifth of last year.

Analysts welcomed the tax as a means to prevent the market.

"Conditions are now good start of a land tax collection and China should start as soon as possible," the China Securities Journal cited the State Information Center, a Government think tank, said.

The China home prices forecast Centre can facilitate this year and predicted that the Government will be jack down payment requirements and mortgage rates if rebound real estate prices.

Official daily, the spokesman of the Communist Party, people said the same way.

"Overall, property policies in 2011 will remain tight,", said the paper. "If economic conditions improve, property policies could even shake."

Stressing the buoyancy of the real estate market, the Centre of Information predicts state real estate investment will grow more than 20% this year, driven by robust demand and large profit margins in the industry.

Real estate investment jumped nearly 37% in the first 11 months of 2010 for one year.

(Statement by Lu Jianxin, Langi Chiang and Kazunori Takada;) (Koh Gui Qing and Ken wills Edition)