Tag Archives: stock

Korean game company Nexon has acquired a 14.7% minority stake in fellow-Korean publisher NCsoft for $688 million, the firm announced today. The shares, which number 3.218 million, were purchased from NCsoft chairman and founder Taek Jin Kim, which means Nexon is now the largest shareholder in NCsoft. Nexon said the stock purchase was part of a long-term partnership between the two firms. Thanks, VentureBeat.

Shares in Zynga stock are up 10% due to the firm’s announcement of a new gaming portal and publishing deals. However, despite the boost, industry analysts feel some “complications” may arise between the firm and Facebook over the move.

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

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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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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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Apple has delayed the international launch of iPad by a month, which means folks in the UK and Europe won’t get their hands on it until late May.

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Thanks to “unsubstantiated” rumors of a Microsoft takeover, stock in EA has climbed 5.24 percent to $19.36.

This rumor has been good for MS as well, as stock in the Seattle corporation has increased by 0.9 percent to $26.

“There’s talk that Microsoft might be interested in acquiring Electronic Arts,”said Frederic Ruffy, options strategist at WhatsTrading.com. “It’s unsubstantiated chatter, but it’s out there.”

A London-based trader told Reuters that similar talk has made the rounds in Europe.

More through the link.

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.

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 of the lot being “neutral.”

More on Joystiq. There’ a pretty graph there, too.

Namco Bandai owns 95 percent of D3Publisher as of this morning. The company purchased 19,990 shares today, costing 62,000 yen ($628) and putting a value on the buyout at 1,239,380,000 yen ($12.55 million).

It’s not known at this time how the merge will affect D3 Publisher America or Europe.

Namco made a bid for the company last month, and now that it’s settled the rights to publish Ben 10 games and the Vicious Engine will be at Namco’s disposal.

Hit the link for more.

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 over at GI.biz.

According to this, KBC has downgraded Nintendo stock to “hold” from “buy” and slashed its 12-month price estimate by 30 percent to 57,500 yen ($580).

Analyst Hiroshi Kamide wrote in a report yesterday that Wii and DS sales in the US and Europe are peaking after “amazing growth” this fiscal year. “We believe that it is reasonable to expect a tougher trading environment.”

From the report:

Nintendo in January increased its forecasts for sales and operating profit for the year ending March 31 for a third time after the Wii outsold rival game players. KBC reduced its outlook for Nintendo’s net income next fiscal year by 8 percent to 391.6 billion yen, DS console shipments by 6 percent, and Wii software sales by 5 percent.

The new estimates are based on an exchange rate of 100 yen to the dollar, compared with a previous assumption of 105 yen, the brokerage said. A stronger yen reduces the value of overseas earnings when repatriated by Nintendo, which gets most of its sales from overseas.

Suddenly that EA offer doesn’t sound so hot. On the back of John Riccitiello making public EA’s intentions to buy Take-Two, the target’s share price has rocketed almost 50 percent to $25.90. EA had bid $26 per share, or approximately $2 billion, for the company.

EA announced its plan to buy the firm last night.