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M&A
2022 M&A Outlook: Deal Market Expected to Continue Hot Pace
Buyers will hunt for targets that improve their talent bases, supply chains, and sustainability strategies.
By
Vincent Ryan
| January 20, 2022
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Technology
Take-Two Buys Zynga in $11B Mobile Play
The deal positions the maker of Grand Theft Auto to become a leader in the fastest-growing segment of the video gaming industry.
By
Matthew Heller
| January 10, 2022
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Financial Performance
GameStop Stock Falls On Q1 Results; Hires New CEO, CFO
The video game retailer hired two Amazon veterans to help it make a push into e-commerce.
By
Lauren Muskett
| June 10, 2021
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Technology
Electronic Arts Goes Mobile With $2.4B Glu Buy
With the addition of Glu Mobile games such as “Kim Kardashian: Hollywood,” EA will double the size of its mobile business.
By
Matthew Heller
| February 9, 2021
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M&A
EA to Buy U.K. Gaming Company Codemasters for $1.2B
The Codemasters board of directors chose the EA deal over an earlier offer from Take-Two Interactive.
By
Lauren Muskett
| December 14, 2020
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IPOs
Video Game Company Roblox Files for IPO
The user-generated gaming platform, hugely popular with kids, has yet to turn a profit.
By
Lauren Muskett
| November 20, 2020
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Technology
Take-Two Acquires Playdots for $192M
Playdots has made three popular games—Dots, Two Dots, and Dots & Co.—that have been downloaded more than 100 million times.
By
Lauren Muskett
| August 18, 2020
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Financial Performance
Zynga Rides Gaming Binge to Record Quarter
“We are living in unprecedented times and more people than ever before are turning to games for entertainment and a sense of community."
By
Matthew Heller
| August 6, 2020
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Technology
Microsoft Scraps Game Streaming Platform
Microsoft tried to compete with Amazon's Twitch but its Mixer service saw "almost no growth in a medium that has otherwise been exploding."
By
Matthew Heller
| June 23, 2020
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Financial Performance
Video Game Sales Hit Record $10.8B in Q1
Consumers confined to their homes by COVID-19 are turning to games not only as a diversion but also for social connection.
By
Matthew Heller
| May 15, 2020
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Financial Performance
GameStop Shares Drop 29% After Dividend Halt
The video game retailer will save about $157 million a year by eliminating the dividend as it struggles with shrinking profits.
By
Matthew Heller
| June 5, 2019
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Financial Performance
Free-to-Play Games Weigh on Take-Two Sales
Take-Two's Q4 adjusted revenue missed estimates amid pressure from online and free-to-play video games such as Fortnite.
By
Matthew Heller
| May 14, 2019
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Strategy
Activision Blizzard to Lay off 8% of Workforce
Most of the job cuts will come from support staff as the video game publisher prioritizes investment in its biggest franchises.
By
Matthew Heller
| February 13, 2019
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Financial Performance
GameStop Misses Estimates, Exploring Sale
The retailer believes it can still "leverage our industry-leading position to drive growth in the second half" of the year.
By
Matthew Heller
| September 7, 2018
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Financial Performance
GameStop Hardware Sales Jump 45% in Q4
Strong demand for Nintendo Switch, PS4 Pro, and Xbox One X consoles powered the retailer's 12.2% gain in same-store sales.
By
Matthew Heller
| March 29, 2018
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Strategy
GameStop Shares Plunge on 13% Sales Decline
The company believes its shift toward non-gaming businesses is paying off and sees "an abundance of business opportunities."
By
Matthew Heller
| March 24, 2017
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