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Nexon acquires 14.7% minority stake in NCsoft for $688 million

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 […]

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Stock headlines

  • Zynga stock jumps after gaming portal announcement, analysts unclear on the implications

    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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  • 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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  • Analysts: Nintendo and EA hot stock, Sony and THQ cold

    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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  • International iPad launch delayed until May

    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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  • EA stock climbs thanks to Microsoft buyout rumors

    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 […]

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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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  • Namco buys out 95% of D3Publisher

    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 […]

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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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  • Nintendo stock downgraded at fears that Wii's peak has passed

    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 […]

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  • Take-Two stock rises 50% in pre-trading

    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.

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