MCV/DEVELOP News, events, research and jobs from the games industry
Media group Future has seen its share price tumble following its recent profits warning. On Friday it warned shareholders that profits will be significantly below” expectations once again in its next report, leading to 30 per cent of its value being slashed on the markets. At the end of the …
Read More »Candy Crush maker King set to be valued at $7.6bn
Valuation would see King exceed Zynga’s opening public listing on the NYSE
Read More »Nintendo shares drop 18% after forecasts are slashed
Shares drop to less than 12,000 yen on Tokyo Stock Exchange
Read More »Take-Two buys out Icahn
US investor Carl Icahn is no longer involved with Take-Two after the publisher bought out the outspoken exec’s share interest. Take-Two acquired all of Icahn’s stocks at yesterday’s $16.93 closing price, representing a transaction worth a total of $203.5m. As per previous agreements, as a result of the buyout all …
Read More »Activision Blizzard completes buyout from parent Vivendi
Publisher Activision Blizzard is free of its former parent Vivendi. After its plans for a buyout were initially blocked, the company announced this weekend that it had at last completed the transaction. To do so it had to acquire 429m shares and certain tax attributes” from Vivendi at a total …
Read More »Frontier floats with over three million shares placed
David Braben's studio's first day of dealings sees shares priced at £1.27 each
Read More »Vivendi preparing fresh effort to sell Activision shares?
French media giant Vivendi could once again be preparing to try and sell its interest in Activision. The Wall Street Journal reports that following confirmation of its profits decline earlier this week, Vivendi CFO Philippe Capron confirmed the company’s consideration of a variety of options” regarding Activision Blizzard. "The board …
Read More »EA executives sell stake in company
EA Sports executive vice president Andrew Wilson has sold more than $687k worth of company shares – a move apparently prompted by the publisher’s recent stock market rise. As reported by GameSpot, an EA filing with the Securities and Exchange Commission shows that Wilson (also the head of EA’s digital …
Read More »Apple makes a record $17bn in corporate bond sale
iPhone maker thought to be sourcing extra cash to satisfy shareholders
Read More »SoftBank to acquire majority stake in GungHo
Japanese telco SoftBank has announced its attention to significantly increase its stake in mobile gaming site GungHo. The company plans to spend 25bn ($265m) on over 73,000 shares, taking its overall share ownership from 33.6 per cent to 58.5 per cent. It will acquire the shares from Asian Groove, a …
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