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Browsing tag

Financials

Check out all the news for stock fluctuations, earnings reports, and financials of companies in the gaming and technology industries.

General Gaming News

Embracer Group makes big play, buying up chunks of Square Enix

May 2, 2022

Another week, another acquisition by a growing conglomerate in the video games industry. This time, it’s Embracer Group once again making moves. This deal is…

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General Gaming News

Microsoft says that Activision Blizzard titles will continue to come to PlayStation

February 9, 2022

The news of that huge $70 billion deal for Microsoft to acquire Activision Blizzard rocked the industry. There was an obvious storm of questions following…

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General Gaming News

Sony to acquire Destiny 2 studio Bungie for $3.6 billion

January 31, 2022

Another week, another shocker in news in the games industry. The ruckus caused by the announced plan for Microsoft to acquire Activision Blizzard for nearly…

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General Gaming News

Here are all the new IPs and studios Microsoft just acquired

January 18, 2022

The recent announcement of a series of major acquisitions has seen Microsoft become a much bigger company in gaming, one of the biggest in the…

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General Gaming News

Microsoft is buying Activision Blizzard for $68.7 billion

January 18, 2022

Microsoft have shocked the gaming world with a planned buyout of Activision Blizzard for nearly $70 billion. The move will retain most of the leadership…

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General Gaming News

Take-Two Has Purchased Zynga for $12.7 Billion

January 12, 2022

Take-Two the parent company of the 2K sports arm, has announced a purchase of mobile giant, Zynga. The purchase was made as a full takeover,…

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Gaming VideosGeneral Gaming News

Back 4 Blood dev Turtle Rock Studios bought out by Tencent

January 5, 2022

Turtle Rock Studios is the latest independent developer to have been snapped up by Tencent. The Chinese conglomerate has made a years-long trail through the…

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General Gaming News

GameStop reports a net loss of over $100 million in past 3 months

December 9, 2021

The last few months have not been kind to games retailer GameStop. The panic and celebration from all the stock inflation is over, and things…

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General Gaming News

Subnautica developer acquired by PUBG parent company

October 29, 2021

Subnautica developer, Unknown Worlds, will be acquired by the parent company behind PUBG. It’s a very surprising bit of news, and it would seem that…

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General Gaming News

Zynga Acquires Key Diablo and Torchlight Developer Echtra Games

June 23, 2021

If you’re an avid online gamer, you must have heard of the global leader in interactive entertainment, Zynga, at some point. In fact, a report…

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General Gaming News

Tencent gains a majority stake in Spec Ops: The Line developer, Yager

June 23, 2021

Tencent has been on a real acquisition tear over the last few years. The latest buyout gives the Chinese company a controlling stake in Spec…

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Technology News

South Korea Commits $450 Billion for Semiconductors

May 17, 2021

Semiconductor manufacturing is very important. Consumers trying to buy GPUs and CPUs in 2021 can attest to the frustrations of not having enough. South Korea…

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General Gaming NewsTechnology News

Nintendo sees record profits as Switch continues to sell

May 6, 2021

The latest financial report from Nintendo has shown that the Nintendo Switch has continued to hit major sales milestones. A total of 84.59 million units…

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General Gaming News

GameStop CEO gets a $179 million present for leaving

April 29, 2021

GameStop CEO George Sherman has been with the company for only a very short time. The revolving door style turnover at the retail giant isn’t…

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Entertainment

AT&T Wants to Sell Rooster Teeth

April 22, 2021

Looks as though AT&T is looking to sell Rooster Teeth to reduce debt and focus on 5G wireless business beyond 2020.

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General Gaming News

Epic Games Announce $1 Billion Round Of Funding

April 14, 2021

Epic Games, the video game developer that produced the hit game Fortnite, said Tuesday that it had raised $1 billion in its latest funding round….

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General Gaming News

GameStop has even more delays, this time even getting Monster Hunter Rise to stores

March 26, 2021

GameStop is not having it easy this week. You would think that the company would be riding high on the reports of their recent earnings,…

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General Gaming NewsTechnology News

Blade, the company behind Shadow PC streaming, has gone bankrupt

March 8, 2021

PC game streaming has been having a rough time of it the last few months. Google Stadia is trudging its way toward closure. Gamers have…

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General Gaming News

Bandai Namco buys minority stake in Tropico 6 developer, Limbic Entertainment

February 25, 2021

Bandai Namco has acquired a minority stake in the German developer behind the Tropico series, as well as other games. Details and value of the…

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General Gaming News

GameStop CFO resigns post, replacement not yet known

February 23, 2021

GameStop has been on a rocky road these last few years. The company has been closing hundreds of stores in a bid to stave off…

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General Gaming News

Embracer Group has acquired Borderlands developer Gearbox Entertainment

February 2, 2021

Embracer Group has acquired Borderlands developer Gearbox Entertainment in a landmark deal. Embracer adds the games that Gearbox is working on to their growing portfolio…

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General Gaming News

Tencent acquires a minority stake in Dontnod Entertainment

January 27, 2021

The team behind adventure and narrative titles like Life is Strange, Tell Me Why, and Vampyr has a new investor this week thanks to a…

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General Gaming News

Jagex bought by major US private equity firm

January 25, 2021

In a landmark, but all too common deal apparently, Jagex has once again been bought by a new owner. RuneScape developer Jagex was sold most…

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General Gaming News

GameStop stocks exploded today as a subreddit caused a major trading rush

January 25, 2021

GameStop stock has exploded in price, jumping to more than $100 a share at peak. On Friday, 194 million shares were traded, over 12 times…

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