Tag Archives: stock market

Zynga is seeking a $7 billion valuation for its initial public offering, which is down $10 billion from previous reports, with analysts agreeing the firm’s initial valuation was too ambitious and that the company should wait until it releases its Q4 financials. Sources state the firm will announce a price on December 15 and that the social game publisher could net around $900 million based on 100 million shares hitting Nasdaq at $8 to $10 each. If the firm hits the stock market at $7 billion as reported, it will put it in third place behind juggernauts Activision and EA, which hold a market value of $14.2 billion and $7.7 billion, respectively. Zynga is expected to hold an investor’s presentation next week. Via IndustryGamers. Thanks, Colin Gallacher.

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

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An Industry Gamers review of games industry stock options has rated Electronic Arts and Nintendo as hot buys, while advising against Sony and THQ, with the latter considered risky due to the imminent release of Homefront.

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Premiere business magazine Forbes has published a short assessment of Activision Blizzard’s recent financial performance, highlighting top-line growth and greater than expected adjusted earnings increases.

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EA is selling its stock in Ubisoft, six years after purchasing a hefty 14.8 percent stake in the publisher.

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