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Stock Market & Financial Investment News

News Breaks
February 7, 2013
09:41 EDTATVI, VIAB, VIAActivision signs deal with Viacom for Teenage Mutant Ninja Turtles games
Nickelodeon and Activision Publishing, a wholly owned subsidiary of Activision Blizzard (ATVI), announced a worldwide, multi-year deal to develop and publish video games inspired by the new CG-animated series Teenage Mutant Ninja Turtles. Under the new agreement, Activision has the global rights to produce interactive games based on the Teenage Mutant Ninja Turtles property. Nickelodeon and all related titles, characters and logos are trademarks of Viacom (VIA, VIAB).
News For ATVI;VIA;VIAB From The Last 14 Days
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November 24, 2014
08:12 EDTATVIActivision Blizzard model may lead to margin expansion, says Brean Capital
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November 21, 2014
07:37 EDTATVIActivision Blizzard Q4 likely tracking ahead of guidance, says Pacific Crest
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November 20, 2014
11:04 EDTATVIActivision game sales make Q4 estimates look conservative, says Piper Jaffray
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05:12 EDTVIA, VIABViacom signs 180K-square foot lease at Columbia Square development in Hollywood
Kilroy Realty (KRC) said it has signed a long-term lease with Viacom (VIAB, VIA) for approximately 180,000 square feet of space at KRC’s 685,000-square-foot, mixed-use Columbia Square development located in the heart of Hollywood. The New York-based company plans to relocate and unite the West Coast operations of Viacom media networks including BET, Comedy Central, MTV, Spike TV, VH1 and TV Land currently based in Santa Monica and in other Los Angeles offices into Columbia Square’s 250,000-square-foot Gower Building. The six-story, dual-core glass and steel Gower Building is the larger of two new office buildings totaling 350,000 square feet currently under construction as part of KRC’s $420M mixed-use project located on Sunset Boulevard. Designed by Rios, Clementi, Hale Studios, Columbia Square will also feature 93,000 square feet of renovated, historical creative office and studio space, 30,000 square feet of retail space, 200 luxury residential units and a five-level subterranean parking structure. Viacom is expected to take occupancy in phases starting in late 2016.
November 19, 2014
17:05 EDTATVIActivision Blizzard's World of Warcraft game surpasses 10M subscribers
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16:42 EDTATVIActivision Blizzard to receive $275M in settlement
Activision Blizzard (ATVI) announced that an agreement has been reached to settle the consolidated derivative and class action shareholder case stemming from the October 2013 purchase by the company and an investor group of 88% of Vivendi SA’s (VIVHY) shares in the company. The settlement is subject to completion of appropriate documentation and approval by the Delaware Chancery Court. Multiple insurance companies, along with various defendants, will pay Activision Blizzard $275M. The company believes the settlement, which acknowledges no wrongdoing by any party, is in the interest of all stakeholders. The board stated: “The transaction, structured through the efforts and significant personal investment of Bobby Kotick and Brian Kelly, has contributed to the creation of over $3B of value for shareholders. We are pleased to be able to put this matter to rest.” Other terms of the settlement include the addition of two unaffiliated company directors, payment of reasonable and customary fees and costs of plaintiff’s attorneys by the Company, an adjustment of voting rights and a global release of all claims against the defendants. The October 2013 transaction was approved by Vivendi SA and the company’s board following a recommendation of a Special Committee of independent directors formed by the board to negotiate the transaction on behalf of the company.
November 14, 2014
10:03 EDTVIABHigh option volume stocks
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09:05 EDTATVINPD says U.S. video game sales down 27% in October, Bloomberg reports
U.S. retail sales of video-game hardware and software in October were nearly flat compared to the same month of last year at $790.7M, according to NPD Group, which noted that game sales fell 27% and hardware sales increased 59%, reported Bloomberg. Publicly traded companies in the space include Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME) and Take-Two (TTWO). Game console makers include Microsoft (MSFT), Sony (SNE) and Nintendo (NTDOY). Reference Link
07:14 EDTVIAViacom multiple compression overdone, says RBC Capital
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06:43 EDTVIAViacom CEO: Nielsen's ratings haven't kept up with trends, NY Times says
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05:52 EDTATVIOctober NPD video game software sales fell 27%, says Piper Jaffray
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