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Publisher shares battered by general financial panic

Tuesday, 30th September 2008 07:22 GMT By Patrick Garratt

Following a US political vote which threw out $700 billion plan to rescue America’s economy from “challenging” global conditions, the stock market turned down sharply, with many games publishers swept along by the tide.

The NASDAQ took the news hard. Activision Blizzard shares slid 13.8 percent ($2.26) to end the day at $14.12. EA saw $3.63 shaved off of its stock price, ending the day down 9.16 percent at $36 even. THQ lost 7 percent, or $0.87, to close at $11.48, and Take-Two dropped 4.52 percent to close at $15.43 – nearly $10 less than its asking price one month ago.

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