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Posts tagged stock

Vivendi to sell $850 million in Activision Blizzard stock

French multimedia company Vivendi has been steadily distancing itself from Activision Blizzard for awhile now, but a new sale brings Vivendi's stake in the House That Warcraft & Call of Duty Built down to just six percent. The $850 million deal is expected to close May 28, provided there are no...

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Report: Yamauchi family to sell shares in Nintendo buyback

Nintendo will put into effect a 114.2 billion-yen ($1.1 billion) share buyback program tomorrow – the first instituted response to lackluster Wii U sales lowering the company's bottom line. Nintendo will seek to reacquire as many as 9.5 million shares (7.4 percent) of its outstanding stock ...

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Ubisoft shares drop 25 percent following delays

Yesterday, Ubisoft announced delays for both Watch Dogs and The Crew, two games so highly anticipated that news of these delays prompted Ubisoft stock to shed more than 25 percent of its value. As of now, Ubisoft stock is trading at $8.19 per share. That's a 26.15 percent dip from just yesterday...

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Majesco receives another Nasdaq delisting notice

Majesco is once again out of compliance with the Nasdaq stock exchange for having a stock price under $1 for over 30 days. The company now has 180 days (about six months) to raise its common stock to at least $1 for ten consecutive business days. The publisher's shares took a dive in January when i...

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Sony shares drop by 10 percent

In the wake of a $115 million loss in Sony's third quarter, its stock price has taken a significant hit, reports Bloomberg. Shares dropped from ¥1,530 ($16.51) to ¥1,365 ($14.78), a decrease of 10.78 percent. Bloomberg notes that this is the eighth consecutive quarter that Sony has posted a...

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J.P. Morgan reduces Zynga ownership to less than one percent

Multinational banking conglom-o J.P. Morgan has reduced the amount of Zynga stock in its possession from 6.7 million shares to 2.6 million, All Things D reports. This represents a shift in its ownership of the developer/publisher from 6.7 percent to less than half of one percent, with the whole of ...

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THQ stock plummets 50 percent

THQ's stock is (as of this writing) down 42 percent, trading at $1.74, following yesterday's dramatic second quarter earnings conference call. The conference call, which totaled 12 minutes, concluded with CEO Brian Farrell saying that the company had been "advised not to conduct a [question and ans...

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Zynga's business valued at 'nothing'; CityVille 2 'coming soon'

With the walls closing in, Zynga announced CityVille 2 is in closed beta. The company couldn't share any info but to say it "delivers a truly social and visually rich city building experience." It will launch soon. Not that investors seem to currently care. As the LA Times notes, Zynga's combined c...

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Zynga passing out stock to keep employees

The hits keep coming for Zynga, and we aren't talking about blockbuster game launches. The latest is from a Bloomberg source, who says Zynga gave out equity grants to all full-time employees in late July to prevent an exodus, following the tides of fortune turning. Bloomberg reports although the co...

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NASDAQ tells THQ they cool for now

THQ received notification from stock exchange NASDAQ that the company is back in compliance, having maintained a closing stock price of over $1 for 10 consecutive business days. The publisher accomplished the feat through a 10-to-one reverse stock split, consolidating THQ's 70 million shares to 7 m...

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