Tag Archives: stocks

Potential buyers for Vivendi’s 60 percent share of Activision Blizzard include Microsoft, Time Warner and Tencent, news source Reuters has reported.

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Last summer, stock prices in Funcom were sitting at 5,20 NOK on the Norwegian Stock Exchange, but as of March 2012, stock in the firm has risen substantially to 20,30 NOK in March 2012. Due to the rise in prices, analysts predict continued growth when The Secret World releases in June.

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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.

Below you will find your shorts for Saturday. We have no idea what happened to the pair you wore on Friday.

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War – what is it good for?

Not EA’s shareholders, apparently.

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Eidos shareholders have accepted a takeover bid made by Square Enix with an overwhelming majority.

Once Eidos’s shares have been delisted, Square will gain control sometime in late April.

With Square now owning 85 percent of Eidos shares, the company has control over Hitman, Championship Manager, Tomb Raider and all other IP’s owned by Eidos.

More through the link.

Wedbush Morgan analyst Michael Patcher said today that while the February NPD looks good on paper, he expects “limited market reaction” to the figures.

While most publishers met or exceeded expectations – THQ not being one of them – Patcher said the figures would not effect stock buying options in a note today.

“We expect limited market reaction to the sales data”, he said. “While overall sales growth was quite respectable, Activision, Electronic Arts, THQ, Take-Two, and Ubisoft all delivered negative or flat sales compared to last year, with the month’s upside generated by solid performances from Nintendo, Sony and Capcom.

“Additionally, many publishers have adopted conservative views about the year, and we think that concerns about the economy are likely to limit share price appreciation.

“We think that this negativism could provide an opportunity, as solid hardware sales imply continued software sales strength well into 2009, and we continue to believe that the video game software sector remains highly recession-resistant”.

While he did admit that the strong software performance is “sustainable well into 2009″, he said software sales are likely to level out in August.

News of a Square Enix bid for Eidos has resulted in a major share boost for the Hitman-maker.

Eidos’s stock leapt over 117 percent today, with over 5 million shares being traded in the UK market’s first hour alone.

The price is currently at 30.5 pence ($.42).

Square Enix is expected to reveal more details about its deal with Eidos in March.

More over on GI.biz.

Sometimes you can’t do anything right. Despite leading the entire videogames race, Nintendo’s shares have hit a seven month low on the Nikkei, following a general trend in the Japanese market caused by the strong yen and a rotten US forecast. Shares in the company fell 5.9 percent today to (£219.30), the lowest price since July 2 last year.

“There’s an increasing chance that the U.S. will post negative growth in the first quarter, and that’s tough news for cyclical markets like Japan,” said Akio Yoshino, chief economist at Societe Generale Asset Management Japan.