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Posts tagged IPO

Candy Crush studio King seeks up to $7.6 billion IPO valuation

Candy Crush Saga makers King Digital Entertainment Plc, says it expects to price its initial public offering at $21-$24 per share, valuing the company at up to $7.6 billion. King, which became notorious within the games industry after trademarking and enforcing use of the common word "Candy,"...

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Zynga IPO fraud lawsuit dismissed, plaintiffs plan to amend complaint

A US judge dismissed a lawsuit filed by shareholders against Zynga today. The lawsuit alleged that Zynga purposely misled shareholders about the financial state of the company, its active user count and potential business prospects in the run-up to, and after, Zynga's initial stock offering in late...

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Candy Crush dev delays IPO to prove its worth, announces new game

Candy Crush developer King has delayed its stock market launch until next year in order to establish its worth beyond a single standout hit in the social and mobile gaming markets, The Telegraph reports. In a bid to prove that it's not just a one-hit wonder, King announced that it will bring its...

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Report: Microsoft considering major company changes

Microsoft CEO Steve Ballmer is planning major changes within company management, AllThingsD reports. The changes would focus on making Microsoft a "devices and services" company, a focus Ballmer outlined in his shareholder letter in October. "This is a significant shift, both in what we do and...

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Sony hires Morgan Stanley, Citigroup to consider entertainment IPO

Sony has brought in major financial help from Morgan Stanley and Citigroup as it considers billionaire Daniel Loeb's proposition that it breaks off and sells its entertainment division, Bloomberg reports. Loeb, who owns a 6 percent stake in Sony stock worth $1.1 billion, wants Sony to sell as much...

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Sony considers splitting the company after proposed IPO

Sony executives are considering splitting the company's entertainment and electronics divisions, following billionaire Daniel Loeb's proposed initial public offering of its entertainment business. The entertainment arm includes all PlayStation properties, alongside Sony's film and music businesses....

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Zynga shares close at record low following lackluster Facebook IPO

Facebook went public yesterday, and its unexpectedly less-than-stellar performance on the trading floor has had powerful ramifications for its social soul sister Zynga, which finished the day's trading at a record low of $7.16 a share. It's possible that Facebook's unimpressive IPO, closing out...

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Facebook seeking $5 billion in IPO fundraising

Whoever said money can't buy friends? It certainly wasn't Facebook co-founder and CEO Mark Zuckerberg, whose company today filed for its initial public offering with the United States Securities and Exchange Commission. According to the filing, Facebook seeks to raise $5 billion if and when the...

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Zynga's paid $300 per new user in the past nine months, says analyst

Zynga has been struggling with its stock price since the IPO late last year, and Sterne Agee analyst Arvind Bhatia says there are more dark days ahead. When you compare Zynga's $120 million marketing budget to its recent rise in only 400,000 new players (about $300 a person), the numbers don't look...

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Rovio not planning public stock offering in 2012

Finnish developer Rovio, creator of global mega-hit Angry Birds, isn't planning to go public this year. Reuters reports marketing chief Peter Vesterbacka confirmed the company, which has moved over 600 million copies of the avian slingshot game and has been valued at up to $9 billion, won't slam...

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