Mediaboss Marketing

NEW YORK - Internet-based photo and greeting cards company Shutterfly is reportedly looking to acquire Eastman Kodak's online photo services business for $23.8 million.

Kodak has entered bankruptcy protection, and the agreement between the two parties characterizes Shutterfly's offer as the initial "stalking horse" bid for an auction process to be conducted through the bankruptcy court.

Shutterfly shares were jumping 15.5% to $31.07 in premarket trading Friday.

Zynga , the online game developer, announced Thursday a new online platform to play its titles, a move that will allow users to play games on its site and reduce its dependence on Facebook.

"In addition to serving up popular Zynga games, Zynga.com will let players discover and play social games created by third party game developers," the company said in a press release. "These Platform partners will be able to reach new audiences and make their games even more social."

Shares were adding 3.5% to $14.99.

Retailer Overstock.com is expected by analysts to post quarterly earnings of 45 cents a share. Shares were gaining 1.7% to $7.

Big Lots , the discount retailer, reported fourth-quarter net income of $114.7 million, or $1.75 a share, on net sales of $1.67 billion. Analysts expected earnings of $1.73 a share on sales of $1.66 billion.

For the first quarter of fiscal 2012, the company estimated adjusted income in the range of 75 cents to 81 cents a share, a 7% to 16% increase from the same time a year earlier.

Shares were up 0.3% to $44.60.

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Stocks to Watch: Shutterfly, Zynga