Take-Two's $12.7 billion purchase of Zynga is complete
source link: https://finance.yahoo.com/news/take-two-zynga-acquisiton-complete-151549286.html
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
Take-Two's $12.7 billion purchase of Zynga is complete
S&P 500
3,971.15+69.79(+1.79%)Dow 30
31,936.38+674.48(+2.16%)Nasdaq
11,496.15+141.53(+1.25%)Russell 2000
1,792.23+18.96(+1.07%)Crude Oil
110.68+0.40(+0.36%)- 1,852.10+10.00(+0.54%)
Silver
21.86+0.19(+0.88%)EUR/USD
1.0675+0.0115(+1.0843%)10-Yr Bond
2.8640+0.0770(+2.76%)GBP/USD
1.2565+0.0079(+0.6295%)USD/JPY
127.8800+0.0300(+0.0235%)BTC-USD
30,414.41+650.85(+2.19%)CMC Crypto 200
682.43+7.55(+1.12%)FTSE 100
7,505.55+115.57(+1.56%)Nikkei 225
27,001.52+262.49(+0.98%)
Take-Two's $12.7 billion purchase of Zynga is complete
One of the biggest takeovers in the history of the gaming industry is complete — Take-Two now owns Zynga. The companies announced the $12.7 billion acquisition in January. The two sides have cut through all the red tape and, after shareholders gave the thumbs up last week, the deal is done.
Zynga has joined the likes of Rockstar Games and 2K under Take-Two's umbrella. As s result of the deal, Take-Two now has a bigger stable of well-known mobile and casual gaming franchises, including Words with Friends and Farmville. Among the games Zynga is working on is Star Wars: Hunters, a free-to-play arena shooter for mobile and Nintendo Switch that's supposed to arrive this year.
“As we bring together our exceptional talent, exciting pipelines of games, and industry-leading technologies and capabilities, we believe that we can take our portfolio to another level of creativity, innovation, and quality," Take-Two chairman and CEO Strauss Zelnick said in a statement. "Each of our teams has a strong history of operational execution, and together, we expect that we will enhance our financial profile through greater scale and profitability, paving the way for us to deliver strong shareholder value.”
Take-Two's buyout of Zynga is part of a major wave of consolidation across the gaming industry. In January, Sony announced it was buying Destiny 2 studio Bungie for $3.6 billion. That news came just days after Microsoft said it planned to buy Activision Blizzard for $68.7 billion. Both takeovers are pending regulatory approval. Activision Blizzard shareholders voted in favor of the Microsoft deal last month.
- Engadget
The best immersion blenders you can buy
Here's a list of the best immersion blenders you can buy, as chosen by Engadget editors.
46m ago - Engadget
The best laptops
Here's a list of the best laptops you can buy right now, as reviewed by Engadget editors.
2h ago - Barrons.com
JPMorgan Cheers Investors by Sticking With 17% Return
The bank's forecast that it may hit its return target on tangible equity is bullish, writes a Wells Fargo analyst.
33m ago - Engadget
AMD's Ryzen 7000 desktop chips are coming this fall with 5nm Zen 4 cores
AMD's upcoming Ryzen 7000 chips will mark another major milestone for the company: they'll be the first desktop processors running 5 nanometer cores.
9h ago - MarketWatch
GameStop shares jump 3% premarket after company launches wallet for cryptocurrencies and NFTs
Videogame retailer GameStop Corp. shares rose 3% in premarket trade Monday, after the company said it has launched a wallet for cryptocurrencies and NFTs, or non-fungible tokens. The company said the move allows gamers to store, send, receive and use cryptocurrencies and NFTs across decentralized apps without having to leave their web browsers. "The GameStop Wallet is a self-custodial Ethereum wallet," the company said in a statement. The wallet extension, which can be downloaded from the Chrome
5h ago - Engadget
Corsair's first gaming laptop puts Elgato Stream Deck tech in its touch bar
PC accessory manufacturer Corsair has unveiled its first laptop, the Voyager AMD Advantage Edition, that's unabashedly designed for gamers and streamers.
6h ago - GOBankingRates
10 Costco Brand Items With the Best Bargains in May
Back in 1976, Costco was just starting out and existed as a single location in San Diego, California. Fast forward 45 years later and you've got one of the most epic retail institutions around, with...
1d ago - Yahoo Finance Video
Chip maker Broadcom to buy cloud company VMware
Yahoo Finance Live anchors discuss shares for VMWare amid reports of a Broadcom acquisition.
2h ago - Motley Fool
3 Reasons to Buy Amazon and 1 Reason to Hesitate
Amazon (NASDAQ: AMZN) has had a volatile few years since the pandemic's onset. As economies reopen, sales growth is slowing down but remaining at high levels. Let's look at three reasons investors should buy Amazon stock and one reason to be cautious.
2h ago - MoneyWise
Billionaire George Soros just loaded up on these two beaten-down growth stocks
This super investor is going against the herd. Maybe you should, too.
5h ago - Motley Fool
Nvidia Stock Before Earnings: Buy or Sell?
Nvidia (NASDAQ: NVDA) stock has been going through a torrid time and the semiconductor giant has lost over 44% of its value since the start of the year. A situation involving a near-term risk in the graphics processing unit (GPU) market seems to have spooked investors going into Nvidia's upcoming quarterly report. Or should savvy investors looking for a long-term growth play take advantage of Nvidia's slip and buy the stock given its relatively attractive valuation?
2h ago - Yahoo Finance Video
Chinese EV maker XPeng reports earnings, stock falls
Yahoo Finance Live anchors discuss first-quarter earnings for Chinese EV maker XPeng.
2h ago - MoneyWise
Which beaten down stocks should I buy for the juiciest upside? Here are 3 high-growth tech ideas hitting fresh 52-week lows
This trio might be ice cold. But Wall Street says they now have up to 86% upside.
1d ago - Fortune
Goldman Sachs and Bank of America have very different calls for when stocks will hit bottom
The giants of Wall Street are looking at the same markets tumult, and drawing very different conclusions on when the carnage might end.
6h ago - MoneyWise
Should I sell all my stocks and buy back in when the market is lower? Expert Michael Farr says that market timing is 'nonsense' — focus on this instead
It's all about time in the market. Not timing the market.
3h ago - Simply Wall St.
Is It Too Late To Consider Buying Warner Bros. Discovery, Inc. (NASDAQ:WBD)?
Warner Bros. Discovery, Inc. ( NASDAQ:WBD ) saw significant share price movement during recent months on the NASDAQGS...
6h ago - Insider Monkey
Ray Dalio is Buying These 10 Stocks in 2022
In this article, we discuss 10 stocks that Ray Dalio is buying in 2022. If you want to see more additions to the billionaire’s portfolio, click Ray Dalio is Buying These 5 Stocks in 2022. Ray Dalio is an American billionaire investor and hedge fund manager, who founded Bridgewater Associates in 1985 and has served […]
1h ago - Motley Fool
3 Top Tech Stocks to Buy Right Now
It's a bear market fire sale and these three companies look like great deals right now.
4h ago - Motley Fool
1 Artificial Intelligence Growth Stock to Buy Right Now
Despite a steep 89% decline from all-time highs, this stock is back on the rise and up 77% from its 52-week low.
1d ago - Bloomberg
Dell Becomes Billionaire Kingmaker in Broadcom, VMware Deal
(Bloomberg) -- Technology entrepreneur Michael Dell once again finds himself at the center of one of his industry’s biggest deals.Most Read from BloombergBroadcom in Talks to Acquire Cloud Company VMwareBig Banks Lead Gains in Stocks; Treasuries Retreat: Markets WrapWalmart’s Troubles Should Have Everyone on High AlertBiden Misspeaks on Taiwan, Says US Military Would InterveneA $5 Trillion ‘Wealth Shock’ Is Cracking Americans’ Nest EggsDell holds a roughly $16.2 billion stake in VMware Inc., mea
6h ago - Motley Fool
Deere's Profits Double. Investors Sell.
On Friday morning, agricultural equipment giant Deere & Company (NYSE: DE) announced that it just grew its profits about twice as fast as it grew its sales. Reporting its financial results for its fiscal second quarter 2022 Friday, Deere said its net sales and revenue came in at $13.4 billion, up 11% year-over-year. In just the first two hours of trading Friday, Deere stock fell 11.5%.
1d ago - Insider Monkey
10 Stocks to Buy When Everyone is Selling
In this article, we discuss the 10 stocks to buy when everyone is selling. If you want to read about some more stocks to buy when everyone is selling, go directly to 5 Stocks to Buy When Everyone is Selling. On May 20, the benchmark S&P 500 Index fell 20% from a recent high in […]
1h ago - The Telegraph
Michael Dell in line for $20bn if chipmaker Broadcom buys VMware
Michael Dell, one of the world’s richest technology entrepreneurs, is in line for up to $20bn (£12bn) if Broadcom, a semiconductor company, pushes ahead with a $50bn takeover of VMware.
5h ago - Barrons.com
Tesla Stock Has Fallen Below $700. Why $540 Might Be Next.
The electric-car maker is breaking key support levels that fundamental investors might want to note.
43m ago - Insider Monkey
10 Biggest Losers in Warren Buffett’s Latest Portfolio
In this article, we discuss the 10 biggest losers in Warren Buffett’s latest portfolio. If you want to see more underperforming stocks in the billionaire’s portfolio, click 5 Biggest Losers in Warren Buffett’s Latest Portfolio. Warren Buffett of Berkshire Hathaway is perhaps the most notable investor on Wall Street, managing billions of dollars for clients […]
2h ago - Simply Wall St.
Walmart's (NYSE:WMT) Shareholders Will Receive A Bigger Dividend Than Last Year
The board of Walmart Inc. ( NYSE:WMT ) has announced that it will be increasing its dividend on the 6th of September to...
4h ago - MoneyWise
Suze Orman says you can avoid 5 common mistakes people make in a stock market crisis
If a major recession is coming, the financial guru recommends some fast, concrete moves to protect your money.
1d ago - Bloomberg
Stock Selloff to Intensify as Fresh 10% Plunge Looms, Survey Finds
(Bloomberg) -- Get ready for a fresh slump in the world’s most-watched stock index, as economic growth fears spiral and the Federal Reserve embarks on its biggest policy-tightening campaign in decades.Most Read from BloombergBroadcom in Talks to Acquire Cloud Company VMwareBig Banks Lead Gains in Stocks; Treasuries Retreat: Markets WrapWalmart’s Troubles Should Have Everyone on High AlertBiden Misspeaks on Taiwan, Says US Military Would InterveneA $5 Trillion ‘Wealth Shock’ Is Cracking Americans
4h ago - Motley Fool
2 EV Stocks to Consider Buying Other Than Tesla Today
Excess market volatility related to high inflation, rising interest rates, adverse economic effects from the war in Ukraine, and ongoing supply chain disruptions from the pandemic has led many investors to seek out safer, value-oriented stocks. It's also led to large price corrections in 2022 for many growth stock stalwarts, including electric vehicle (EV) manufacturer Tesla (NASDAQ: TSLA). The Musk-led enterprise has generated a lot of loyalty in the past from investors interested in taking advantage of the long-term potential of the EV industry.
3h ago - Yahoo Finance
What history says happens to stocks if there's a recession
The good news for traders: A U.S. recession is almost fully priced into the stock market.
The bad news: It's not 100% priced in, if history is any guide.
5h ago - Bloomberg
Zoom’s 85% Selloff Has Analysts Calling for a Rally
(Bloomberg) -- The selloff in Zoom Video Communications Inc.’s stock may have gone too far.Most Read from BloombergBroadcom in Talks to Acquire Cloud Company VMwareBig Banks Lead Gains in Stocks; Treasuries Retreat: Markets WrapWalmart’s Troubles Should Have Everyone on High AlertBiden Misspeaks on Taiwan, Says US Military Would InterveneA $5 Trillion ‘Wealth Shock’ Is Cracking Americans’ Nest EggsThat’s the message from Benchmark Co.’s Matthew Harrigan and other analysts, who say the video-conf
2h ago - Investor's Business Daily
These Are The Top 8 Stocks To Own In A Bear Market
The dreaded S&P 500 bear is nearly here. But don't think you need to hibernate to make money in a rough market.
4h ago - Motley Fool
3 Real Estate Stocks That Could Turn $200,000 Into $1 Million by 2030
It's close to impossible to do that with normal growth stocks, much less real estate investment trusts (REITs), which are traditionally structured to produce income, not growth. The three REITs we'll discuss today, Innovative Industrial Properties (NYSE: IIPR), Americold Realty Trust (NYSE: COLD), and VICI Properties (NYSE: VICI), each have unique macro tailwinds that could launch their stock up significantly over the next 7.5 years.
1d ago - Bloomberg
Broadcom in Talks to Acquire Cloud Company VMware
(Bloomberg) -- Broadcom Inc. is in talks to acquire VMware Inc., the cloud-computing company backed by billionaire Michael Dell, setting up a blockbuster tech deal that would vault the chipmaker into a highly specialized area of software. Most Read from BloombergBroadcom in Talks to Acquire Cloud Company VMwareBig Banks Lead Gains in Stocks; Treasuries Retreat: Markets WrapWalmart’s Troubles Should Have Everyone on High AlertBiden Misspeaks on Taiwan, Says US Military Would InterveneA $5 Trillio
15m ago - Motley Fool
4 Cybersecurity Stocks You Can Buy and Hold for the Next Decade
Palo Alto, CrowdStrike, SentinelOne, and Tenable are great long-term plays in the booming cybersecurity sector.
4h ago - Insider Monkey
10 Best Dividend Stocks to Buy According to Noam Gottesman’s GLG Partners
In this article, we discuss the 10 best dividend stocks to buy according to Noam Gottesman’s GLG Partners. You can skip our detailed analysis of the hedge fund and its past performance, and go directly to read 5 Best Dividend Stocks to Buy According to Noam Gottesman’s GLG Partners. Noam Gottesman is a British-American investor, […]
2h ago - Simply Wall St.
What You Need To Know About Lumen Technologies, Inc.'s (NYSE:LUMN) Investor Composition
A look at the shareholders of Lumen Technologies, Inc. ( NYSE:LUMN ) can tell us which group is most powerful...
4h ago - Motley Fool
Better Pot Stock: Sundial Growers or Village Farms?
Here's how these two beaten-down cannabis stocks compare.
6h ago - Motley Fool
These 2 Tech Giants Just Declared Dividend Raises. Are They Buys?
It's sometimes hard to believe that Apple, which reinstated its quarterly dividend to much fanfare after suspending it way back in 1995, has been consistently paying out a dividend for nearly 10 years now. In its most recently reported quarter, services -- a comparatively higher-margin category -- notched an all-time record for net sales, at just under $20 billion. Apple has been relatively resilient during the current Great Tech Stock Sell-Off, holding its value better than many of its peers.
4h ago - Motley Fool
2 Top Electric Vehicle Stocks to Buy for the Long Haul
Tesla (NASDAQ: TSLA) is the undisputed EV leader and trailblazer for the entire sector. The stock rose ahead of the company's execution, however, keeping many people from owning it from a valuation perspective. There was always the chance of failure, and even CEO Elon Musk said that his company was within about a month of bankruptcy when it was ramping up its Model 3 mass production in 2017.
1d ago
Recommend
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK