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GAME Group shares yo-yo as OpCapita bid unravels

Following news that the OpCapita buyout may not be happening and reports that this week marks the company’s last stand, shares in GAME Group have crashed – and then rebounded again.

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Shares headlines

  • L.A. Noire gives much-needed boost to Take-Two shares

    Following the release of L.A. Noire in the United States, Rockstar Games’ parent company Take-Two Interactive has seen its shares skyrocket to a new three-year high.

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  • EA stocks rise in the wake of Riccitiello's Goldman Sachs presentation

    After CEO John Riccitiello’s presentation at the Goldman Sachs Technology and Internet Conference yesterday, EA’s stock rose sharply.

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  • Majesco re-enlists with US Stock Exchange

    Serious Sam and Cooking Mama publisher Majesco has pulled itself out of a recent fit of stock doldrums and rejoined the glowing ranks of the NASDAQ.

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  • Wedbush Morgan raises THQ, Ubisoft and Activision market valuations

    Wedbush Morgan’s Michael Pachter has issued a note stipulating the company has increased it’s market valuations of Activision, THQ and Ubisoft with Acti shares rising to $16 from $13.75, THQ to $9 from $5.50 and Ubi to €21 from €16.50. Why the price hike? “Since the end of March overall stock market valuations have increased […]

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  • Take-Two stock crashes 10% on notes issue announcement

    Take-Two stock has fallen 10.4 percent to $8.54 following the company’s announcement that it was to offer $100 million in convertible senior notes yesterday. All together now: “You should have sold to EA.” More on GI.

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  • Japanese analysts love Capcom, says research firm

    IFIS (International Financial Information Service) has produced data on analysts and their predictions of Capcom’s share price in Japan, and the vast majority of them showed a large arrow going up. In fact, out of the 20 firms listed, not a single one had a “sell” recommendation on Capcom stock, with the lowest rating out […]

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  • Square Enix purchases more stock in Eidos

    Square Enix has purchased more stock in Eidos, further extending its plans to acquire the company. The firm bought approximately 11 percent of shares, previously owned by Insight Investment Management and Pioneer Investment Management for $0.46 each. Square’s stake in Eidos is now over 32 percent. Warner and Pioneer have both backed the deal. More […]

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  • THQ shares fall 18% after shock financials

    The market reacted badly to THQ’s news of a near-$200 million Q3 loss yesterday, sending its shared down 18 percent to $3.40. The stock actually hit $2.45 at one point, its lowest level since October 1997. THQ confirmed the loss earlier this week, as well as the need to drop 600 staff in an effort […]

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  • Ubisoft share prices down 19%

    We can’t take much more of this. Ubisoft’s share price was down 19 percent at the start of trading this morning, following the company’s third fiscal quarter results yesterday. Its stock price is now at €10.53 after the market’s knee-jerk reaction to Ubisoft’s adjustment of the company’s full year guidance, tweaked downward yesterday to between […]

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  • Microsoft and Sony's stock slides

    GI reports that stock in Microsoft and Sony fell yesterday following both companies announcing company-wide cuts. After announcing that it would be cutting 5000 jobs, Microsoft saw its share price drop almost 12 per cent ($2.27), down to $17.11 by the close US markets yesterday. Sony, who cut both jobs and is undergoing internal restructuring, […]

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  • Midway stock falls 40% since sale

    Midway’s stock’s dropped 40 percent since Sumner Redstone dropped his 87 percent share in the firm for a song earlier this week. The publisher is now trading at 23 cents. Midway was served a delisting notice from the NYSE in late November, so we really could be seeing the end here. Watch and wince.

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  • Capcom shares hit five-year high

    Capcom shares hit a five-year high in Tokyo trading yesterday, climbing 18 percent to close at 1,938 yen. The boost came after Mitsubishi UFJ Financial Group increased its rating to “strong outperform” on the firm, guessing earnings will rise 39 per cent to 71.6 billion yen in the year ending March 31. “The three titles […]

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  • Riccitiello drops $1 million on EA stock

    According to this SEC filing, EA boss John Riccitiello bought 42,500 shares in the firm yesterday, a $1 million investment. The news comes after the publisher confirmed Q2 losses last week, with shares taking a heavy hit in the wake. Riccitiello bought in at $24.50. Thanks,

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  • Midway's shares slump 12%

    Midway’s shares slumped 12% on the New York Stock Exchange yesterday, meaning the sare value hit a 52 week low of 79 cents per share, writes Edge. Meanwhile, Forbes is reporting “that Sumner Redstone, the majority-owner of Midway Games’ parent company National Amusements, is said to be ‘wrapped up in talks with his creditors’.” Oh […]

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  • THQ shares bounce up as analyst says "buy"

    A positive City story in the mire, THQ’s having a good day on the NASDAQ after Piper analyst Anthony Gikas said the stock’s valuation “has become more attractive.” The firm’s stock rose 47 cents, or 4.9 percent, to $10.08 in morning trading. THQ shares have lost 64 percent of their value so far this year. […]

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  • Nintendo shares tumble on DSi announcement

    According to this Bloomberg report, Nintendo investors clearly weren’t impressed with the firm’s DSi announcement yesterday, with the company’s shares falling 3.7 percent in the aftermath. The stock rested at 39,500 yen on the Tokyo Stock Exchange. The stock, which more than doubled in each of the past two years, has lost 41 percent in […]

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  • Take-Two takes post-EA stock-hit

    Take-Two’s share have dropped 5.1 percent this morning, following news that EA has officially walked away from buyout negotiations with the firm. “It boils down to price negotiations and the two companies not being able to come to terms,” said Arvind Bhatia, a Dallas- based analyst with Sterne Agee & Leach Inc. “Take-Two shares will […]

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  • Cavanagh gifts 1.9 million SCi shares to family

    Former SCi head Jane Cavanagh has handed 1.9 million shares in the firm to her family, GI reports. Cavanagh left the firm when things got a little “sticky” earlier this year, but apparently still retains 7.7 million shares in the company, which represents a total of 2.99 per cent voting rights, according to a financial […]

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  • Sony and Nintendo's shares boost on Fed assurances

    According to this Telegraph report, Sony and Nintendo’s shares are up today on assurances from the Fed that the US economy is stable enough to keep interest rate rises on hold. Sony’s shares, says the piece, are now at a five month high. “The Fed doesn’t want to kill whatever growth they’re having,” Mushtaq Ibrahim, […]

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