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Posts tagged shareholders

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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Activision completes purchase of itself from Vivendi

Activision's buyback of $8.2 billion of its own shares from Vivendi has been completed, the publisher announced today. It was just yesterday that the Delaware Supreme Court overturned a September ruling that halted the purchase, which followed a lawsuit by an Activision Blizzard shareholder in...

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Nexon pays $685 million for 14.7 percent of NCsoft

Nexon is now a minority shareholder in MMO publisher NCsoft, having purchased 3.218 million shares of the company from NCsoft chairman/cofounder Taek Jin Kim to the tune of ₩804.5 billion ($685.43 millon) – 14.7 percent of total stock. This makes Nexon the largest shareholder in NCsoft,...

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Viacom denies keeping payments from Harmonix

Viacom has responded to claims this morning from Harmonix shareholders that the company avoided paying out bonuses to the developers of the Rock Band series. Viacom of course denies it dodged any obligations, and says instead that the representative for Harmonix's shareholders, Walter Winshall, was...

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Sir Howard proclaims with PS3's help, Sony "is on a comeback"

The always cheery Sir Howard Stringer awoke from his six-month hibernation tossed a few nuggets of positivity to investors at the annual shareholders meeting in Tokyo. First, he announced the company is on the road to recovery and held the PS3 in high regard as "vital" for a successful Sony...

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