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Publisher shares battered by general financial panic

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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Patrick Garratt avatar

Patrick Garratt

Founder & Publisher (Former)

Patrick Garratt is a games media legend - and not just by reputation. He was named as such in the UK's 'Games Media Awards', the equivalent of a lifetime achievement award. After garnering experience on countless gaming magazines, he joined Eurogamer and later split from that brand to create VG247, putting the site on the map with fast, 24-hour a day coverage, and assembling the site's earliest editorial teams. He retired from VG247, and the games industry, in 2017.
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