Ubisoft shares have been taking a nosedive recently after a rough year for Ubisoft that saw games like Star Wars Outlaws and Skull & Bones failing to meet expectations. Now, at least one investor is putting pressure on Ubisoft bosses to take the company private. Ubisoft shares are currently at …
Read More »Ubisoft has lost over 80% of its market value since 2018
Ubisoft has been in crisis mode over the last couple of years due to tumbling game sales. The company had hoped that its big open-world Star Wars game, Star Wars Outlaws, would help turn the tide but it seems sales have been lower than anticipated and, as a result, Ubisoft …
Read More »Nvidia overtakes Microsoft as world’s most valuable company
While Microsoft has certainly benefitted from the tech boom in recent years, becoming a $3 trillion company, Nvidia has been outpacing the industry at large in recent years. Nvidia's stock price has been skyrocketing, and just yesterday, it hit a new all-time high, making Nvidia the most valuable company in the world.
Read More »Intel cuts earnings forecast following unexpected Q2 sales drop
Intel shares have taken a significant dip this week following the company's quarterly earnings report. Intel missed revenue targets last quarter and the company has also cut down its earnings predictions for the rest of the year.
Read More »Activision Blizzard shareholders vote in favour of the sale to Microsoft
While Microsoft and Activision Blizzard have agreed to a merger, there are a number of hurdles still left to clear before the acquisition can happen. Aside from regulators, the deal also needs to be approved by Activision Blizzard shareholders. Due to the company's current stock price sitting far below Microsoft's …
Read More »Activision is no longer the most valuable gaming company in the US
The US holds one of the biggest markets in gaming when it comes to revenue, sales, market cap and all manner of statistics. Within the US, the biggest gaming company has historically been Activision, with franchises such as Call of Duty pushing the publisher to new heights. Surprisingly, Activision Blizzard …
Read More »AMD’s $35 billion Xilinx acquisition approved by shareholders
Back in October 2020, AMD announced plans to acquire Xilinx for $35 billion in an effort to create “the industry's strongest portfolio of high performance processor technologies”. We finally have an update on the acquisition this week, with AMD and Xilinx share holders approving the deal. AMD and Xilinx announced …
Read More »Nvidia reports lower than expected Q3 earnings as mining market weakens
Nvidia takes a hit as weak crypto demand and excess GPU supply take hold.
Read More »Intel stock jumps as 10nm production slated to begin earlier than expected
Intel’s continuously delayed 10nm chips has put significant strain on its 14nm range, resulting in the company doing a round of damage control to assure it has enough stock to meet its full-year revenue outlook. Now, it seems as though 10nm production is ahead of schedule, causing Intel’s stock to …
Read More »Snapchat tempers valuation ahead of IPO – targets $20+ billlion
Snapchat has released a more cautious valuation than expected ahead of its planned public offering and a key investor roadshow set to take place in London on Monday, 20th February. While expected to pitch itself at as much as $25 billion, it instead suggested the company was worth somewhere between …
Read More »Ubisoft spent another £106 million to prevent Vivendi buyout
Vivendi has been aggressively attempting to take over French publishing giant Ubisoft for the best part of a year, but its original founders have been fighting back. In a recent attempt to prevent Vivendi from becoming its new boss, Ubisoft has spent over £100 million to buy up a further …
Read More »Samsung frees up $900 million by selling minor share holdings
Samsung Electronics has generated close to $900 (£690) million by selling small share holdings it has in various companies. Purportedly the reasoning is to help generate investment funds for the core business, which will help consolidate Samsung's efforts into its major earning divisions. Companies that Samsung sold shares for includes …
Read More »Nintendo shares hit after meteoric rise on ‘Go confidence
Pokémon Go ignited the world's interest in Pokémon once again, which in turn saw Nintendo share prices explode by more than 100 per cent of their value in just a couple of weeks. Since then though, as the reality of the game sinks in, confidence has cooled somewhat and stock …
Read More »Netflix is stalling overseas: pricing and content blamed
Netflix might be a global powerhouse in the online streaming game, but its major success still lies in the U.S., where its content is richest and its pricing is competitive. Elsewhere in the world though, where that isn't always the case, it's growth is stuttering. Last week it was reported …
Read More »Facebook board creates non-voting shares for Zuckerberg charity
Mark Zuckerberg might not be everyone's favourite person when it comes to privacy, but he has pledged to give away 99 per cent of his Facebook shares throughout his lifetime – worth an estimated $24 billion. To help him do that without losing control of the company, Facebook's board has …
Read More »Microsoft to spend $26 billion on LinkedIn buyout
Microsoft has announced that it will be buying up business-focused social network Linkedin, for a whopping $26.2 (£18.5) billion. This will be Microsoft's biggest ever acquisition in the history of the company and is even more noteworthy because it will be purchased entirely with cash, no stock will change hands. LinkedIn …
Read More »What caused the latest Netflix stock slump?
Netflix might be the world's most popular streaming service, but that doesn't mean that everything is rosy at the company. Indeed after announcing its first quarter earnings, investors have shown their usual level of (in)stability and have sent shares crashing down more than 10 per cent in extended trading. These …
Read More »Vivendi is trying to muscle in and take over Ubisoft
Vivendi is a company with a lot of fingers in a lot of pies, though most recently it took a step back from the gaming industry when it sold its stake in Activision/Blizzard back to the publishing giant. However it soon set its sight on another large corporation: Ubisoft, and …
Read More »Google’s parent company, Alphabet, is now worth more than Apple
For a while, it look liked Apple might be the first company to ever break through the trillion dollar threshold, but now perhaps it will be Google's parent company, Alphabet. The recently launched initiative to separate Google's profitable businesses from its more experimental ones has paid off, with the latest …
Read More »GAME’s Christmas sales fall from last year
It doesn't seem that long ago that GAME, like a number of high-street gaming and technological chain stores, was bankrupt and needed to be saved by outside finances. Since then it's had some measure of recovery, but it's not doing amazing. Christmas sales have not been as strong as expected …
Read More »Chinese investors gain control of MEGA file locker
Following a new round of funding which saw the MEGA encrypted file locker service raise a further $7.5 million to aid continued operations, two Chinese investors have become the company's largest share holders, with only the original lead programmer retaining even a modest share of the company. The news prompted …
Read More »Is someone going to buy Twitter?
Despite having an active user base of over 300 million people, Twitter has struggled to monetise quite like other social network giants like Facebook and it's shed many millions of users over the years. Despite revenue growth in the short term however, investors and shareholders have not been happy, so CEO …
Read More »Twitter shares crash after poor earnings report
With the amount people use them, you would think owning a social network would be like a license to print money. While that might be the case for some, it isn't for Twitter, which has always struggled to monetise its platform. In the wake of a poor earnings report that …
Read More »Apple’s worth now twice that of world’s second biggest company
Apple is far and beyond the biggest company in the world at the moment, with its market value of $774 (£501) billion taking it into the heady heights of some of the most valuable companies in history. While it might still be beaten out by the legends of the ages like the …
Read More »Reddit to give shares to the community
Reddit's current CEO, Yishan Wong, has announced that he plans to distribute part ownership of the social networking site to the community, through a new share system backed by a brand new cryptocurrency. Operating a little like bitcoin, the crpyotcurrency will have value based on Reddit's value, letting users trade it, …
Read More »Take-Two shares rise thanks to Activision buyout rumours
Take-Two Interactive, the publisher behind 2K Games and Rockstar may be acquired by Activision as rumors of a buyout deal begin to swirl, causing share prices to rise. This wouldn't be the first time that Activision attempted to buy the company, back in 2008 it made a $2 billion bid, …
Read More »Capcom has abandoned its takeover protection scheme
It is now possible to buy Capcom as the publisher's current investors have voted to abandon the company's takeover protection plan. The protection plan was first implemented back in 2008 and has been consistently renewed since then, until now. A rigorous approval process was put in place to stop any …
Read More »Bill Gates is no longer Microsoft’s biggest share holder
Bill Gates is no longer Microsoft's largest individual share holder for the first time in the company's history. It was revealed that Gates sold off some shares last week in a regulatory filing, leaving him with 330.1 million shares, which puts him second behind former CEO, Steve Ballmer, who owns 333 …
Read More »Facebook is buying WhatsApp for almost $20 billion
In one of the largest ever acquisitions of an internet based startup, Whatsapp, the messaging service used by millions around the world to send text and images to one another, is being bought by social networking giant Facebook, for a total of $19 billion in cash and company stock. The …
Read More »Verizon isn’t buying Vodafone
Rumours surfaced yesterday, that Verizon, one of the US' biggest telecoms firms, was set to team up with AT&T (another giant) to buy out Vodafone, to the tune of £161 billion. This sent Vodafone's stock flying up, but it turns out that the rumours were false, as Verizon has now denied …
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