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Posts tagged stock

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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THQ receives stock delisting notice

THQ's woes continue as the troubled publisher receives a delisting warning from the Nasdaq stock exchange. The company's stock has been trading below the minimum of $1 for the past 30 days. The publisher has 180 calendar days (until July 23, 2012) to make its stock regain compliance for 10...

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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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Report: Rovio mulling Hong Kong IPO in 2013

Finnish school for agitated ornithological research mobile mogul Rovio may be looking to capitalize on its world-wide brand recognition and ridiculous, un-ending revenue stream by listing its stock on the Hong Kong Stock Exchange in 2013, assuming the world still exists in 2013, that is. The...

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LA Noire boosts Take-Two stock

Now here's a pretty open-and-shut case. What do you think could have caused Take-Two's share price to rise almost 18 percent yesterday? The company had the release of a little game called LA Noire to thank for that. On Monday, Take-Two shares were hovering around $15 a pop, but shot up...

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Counting Angry Birds before they hatch: dev talks US IPO, analysts need track record

Angry Birds developer Rovio has been on a roll: raking in millions of unit sales, breaking through to the mainstream and recently receiving another $42 million from investors. Now the company is talking about going public on the Nasdaq with an IPO in the next five years. "At an estimated value...

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Ubisoft stock experiences 'biggest drop' in over a decade

Yesterday's quarterly review did not win over many investors. Ubisoft's share prices fell 22 percent, which Bloomberg calls the company's biggest drop "since at least 1996." Apparently, people did not respond positively to the company losing millions of dollars. In fact, a number of analysts have...

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Report: EA selling a 15% stake in Ubisoft

EA has been sitting on a good chunk of Ubisoft stock for a few years now. It looks like the company is planning to unload some of those shares (perhaps a result of some recent losses?). Bloomberg reports that EA is preparing to offload a 15% stake in Ubisoft -- last we heard, EA was holding onto...

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Carl Icahn now a 13.7% shareholder in Take-Two

Monday 22 March 70-something kilos. My kilo talk has gotten others thinking I'm moving the company to Canada, but I <3 my NYC. Food consumed today: No low-fat blueberry muffins today on the cart. I only like the tops anyway. Heard some pleb in the office talking about Blueberry Muffin...

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Rumor: GameStop being eyed for purchase by private equity group

GameStop might be worth roughly $3.27 billion, but if reports are correct, a group of folks at a private equity firm may be considering an offer of $4.94 billion (a 33 percent raise over the current, rumor-inflated stock prices) to acquire the publicly held game retailer. The Street is reporting...

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