Chinese gaming and tech conglomerate Tencent has made a pending offer to buy out the Norwegian developer behind Conan and Dune, Funcom. The Chinese firm has made an offer to fully acquire Funcom, the games maker behind Conan and various other online titles. The acquisition would help the major company build out it’s ever-widening portfolio
GameStop has been trying to deal with a lot of issues lately. Due to declining sales in a wide number of segments, GameStop even had to seek out a buyer for the company, although that didn’t pan out. Part of the strategy for staving off closure in the face of declining software and hardware sales
New developments for games retailer GameStop mean some pretty bad news for those rooting for the company. The stock price for the chain has dropped like a rock over the last few days. This drop is reportedly the biggest one-day loss in GameStop’s history. The previous extreme low for the stock was in February 2003
The relationship between Ubisoft and Vivendi has been really contentiou sover the last few years. Staring in 2015, Vivendi has been attempting a takeover of the French game publisher and developer, with varying degrees of success. Ubisoft publicly came out against the attempts and made several deals and financial changes to thwart the attempted takeover.
It was announced today that, Amrita Ahuja, Blizzard’s current CFO, would be leaving the company to join up with Square, the mobile payment processor. Ahuja replaces former Square CFO Sarah Friar who announced she was leaving the CFO post in October. That departure saw a major drop, nearly 30%, in the stock price for Square.