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Sony-Bungie, Microsoft-Activision: Analysts Think This Is Just The Beginning Of A M&A Spree In The Gaming Industry
Tuesday, February 1, 2022 - 6:44am | 555Loup Funds analysts Gene Munster and Doug Clinton said during a discussion Monday that there is a build-up of urgency around the acquisition of gaming content after a recent flurry of mergers and acquisitions. What Happened: The analysts opened their comments noting Sony Corporation’s (NYSE:...
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If You Invested $1,000 In Activision When It Acquired Blizzard, Here's How Much You'd Have Now
Thursday, January 27, 2022 - 4:46pm | 509One of the big headlines last week was the acquisition of Activision Blizzard, Inc. (NASDAQ: ATVI) by Microsoft Corporation (NASDAQ: MSFT). The deal marks the largest in Microsoft’s history and will create the third-largest video game company by revenue if approved. Investors who bet on...
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Existing Agreements Between Microsoft, Activision, Sony Point To 'Call Of Duty' Remaining Multiplatform (For Now)
Wednesday, January 26, 2022 - 2:01pm | 502Microsoft Corporation's (NASDAQ: MSFT) planned acquisition of game developer Activision Blizzard, Inc. (NASDAQ: ATVI) left PlayStation fans feeling left out — or at least wondering if they might be. As part of the deal, Microsoft would acquire Activision's ...
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2 New Titles For Netflix Games: What Investors Need To Know
Wednesday, January 19, 2022 - 4:11pm | 659Netflix Inc (NASDAQ: NFLX) announced Tuesday the company is expanding its mobile gaming lineup with the addition of two new games. What Happened: Netflix launched Netflix Games on the Apple Inc (NASDAQ: AAPL) app store, as well as on Alphabet Inc's (NASDAQ: GOOG) (NASDAQ:...
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Why This Analyst Thinks Zynga Is A Good Deal For Take-Two Interactive
Wednesday, January 12, 2022 - 2:17pm | 279Take-Two Interactive Software, Inc’s (NASDAQ: TTWO) intention to acquire FarmVille developer Zynga Inc (NASDAQ: ZNGA) is likely to “help smooth earnings variability while offering compelling synergy opportunities,” according to BMO Capital Markets. The Take-Two Interactive...
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Las Vegas Pandemic Recovery Continues To Outpace Macau's, Casino Analyst Says
Tuesday, January 4, 2022 - 1:38pm | 458Las Vegas, Nevada, and Macau, China, are two of the largest global casino gambling hubs. Both gaming destinations took big hits during the COVID-19 pandemic, but the latest gross gaming revenue numbers suggest the Vegas recovery continues to outshine struggling Macau. The Numbers: Many Americans...
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Top Cryptos Of 2021: We Bet You Have Never Heard Of The Top Gainer!
Friday, December 31, 2021 - 5:20pm | 634In a collaboration with cryptocurrency market data platform CoinStats, Benzinga gained insight into which cryptocurrencies saw the best price-performance in 2021 — with results that could be surprising to most. What Happened: Data shared with Benzinga shows some of the top five...
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5 Best Performing IPOs In 2021
Tuesday, December 28, 2021 - 4:30pm | 997The public markets saw a record number of IPOs and capital raised in 2021. Around 1,500 companies went public via traditional IPO, direct listing or via SPAC merger. Public listings in 2021 raised over $490 billion. Here is a look at the five best-performing IPOs of 2021. (The worst-...
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9 Stocks To Watch For Ohio's Sports Betting Market, Which Could Hit $12 Billion
Monday, December 27, 2021 - 4:15pm | 1044Another state legalized sports betting and it could be one of the largest markets nationwide. Here’s a look at what legalization for Ohio looks like and what companies could benefit from the recently passed legislation. What Happened: Ohio legalized sports betting last week, a move that...
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Tesla Probed By Federal Traffic Regulator Over In-Vehicle Gaming: What You Need to Know
Wednesday, December 22, 2021 - 10:44am | 383Tesla Inc (NASDAQ: TSLA) is caught in the crossfire of regulators yet again. What Happened: A formal safety probe into 580,000 Tesla Models 3, X, S and Y sold since 2017 has been initiated by the National Highway Traffic Safety Administration (NHTSA), Reuters reported. The probe is...
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Roblox Up Over 7% On Heavy Options Activity
Friday, December 17, 2021 - 5:23pm | 399Roblox Corporation (NYSE: RBLX) is up more than 7% today on heavy options volume to end the week. The stock recently got a boost from Needham initiating coverage, giving it a Buy rating and a $136 price target. What Happened: Combine the buy rating and a price target 36% higher and option traders...
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Minecraft Hits 1 Trillion Views On YouTube: How The Game Has Maintained Its User Base
Wednesday, December 15, 2021 - 7:00pm | 740The popular video game Minecraft reached a significant gaming milestone Wednesday that led to a celebration across one of the biggest media platforms in the world. What Happened: YouTube, a unit of Alphabet Inc (NASDAQ: GOOG)(NASDAQ: GOOGL), celebrated Minecraft passing one trillion views...
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Morgan Stanley Upgrades Melco Resorts On 2022 Prospects
Tuesday, December 14, 2021 - 12:17pm | 292Following two years of headwinds, Macau stocks are likely to outperform in 2022, and Melco Resorts & Entertainment Ltd (NASDAQ: MLCO) is poised to benefit from the easing of travel restrictions and license renewals, according to Morgan Stanley. The Melco Resorts & Entertainment Analyst:...
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The Power Of Gaming And Weed: How Stack Up Unites Veterans Through Cannabis And Video Games
Tuesday, December 7, 2021 - 11:13am | 997This article by Ashlee Nolan was originally published on Weedmaps, and appears here with permission. One military nonprofit believes that video gaming can be a therapeutic escape for veterans. Founded in 2015 by Army veteran Stephen Machuga, Stack Up aims to use the power of video games to help U.S...
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Apple Under Scrutiny From DOJ Over Uneven Enforcement Of Rules For App Developers Like Roblox: Report
Tuesday, December 7, 2021 - 8:08am | 481The U.S. Department of Justice is focusing on Apple Inc.’s (NASDAQ: AAPL) treatment of gaming firm Roblox Corp. (NYSE: RBLX) as part of its investigation of the tech giant for antitrust issues, according to a report by the Information (via Reuters.) What Happened: Prosecutors are looking for...