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Stock Market & Financial Investment News

News Breaks
November 16, 2012
08:05 EDTATVIActivision says Call Of Duty: Black Ops II sales over $500M in first 24 hours
Activision Publishing, a wholly owned subsidiary of Activision Blizzard, announced Call of Duty: Black Ops II has achieved an estimated sell-through of more than $500M worldwide in the first 24 hours of its release, according to Chart-Track, retail customer sell-through information and internal company estimates. The company said "With first day sales of over half a billion dollars worldwide, we believe Call of Duty is the biggest entertainment launch of the year for the fourth year in a row...Given the challenged macro-economic environment, we remain cautious about the balance of 2012 and 2013."
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August 29, 2014
12:00 EDTATVITake-Two rises after speculated as potential Activision target
Shares of video game maker Take-Two (TTWO) are rising after an analyst speculated that it could be acquired by another company in the space, Actvision Blizzard (ATVI). WHAT'S NEW: Dan Houser. the co-founder of key Take-Two division Rockstar Games, appears to be quite fond of Hollywood and Los Angeles, as many of Rockstar's games involve that genre, Benchmark analyst Mike Hickey wrote in a note to investors today. Additionally, there is speculation that Take-Two Interactive could be considering a movie based on Rockstar's hit Grand Theft Auto game, according to the analyst, who adds that Rockstar would control the development of the movie. Activision is based near Los Angeles and it may be in the process of entering the movie business, according to Hickey. Activision's possible foray into movies could stem partly from the larger company being interested in Take-Two, Hickey contended. Such an acquisition would be a "no-brainer" for Activision, given Take-Two's strong development talent and intellectual property, along with its nearly $1B in cash and attractive valuation, the analyst stated. He kept Buy ratings on both stocks. PRICE ACTION: In late morning trading, Take-Two rallied 4% to $23.39 and Activision advanced 0.4% to $23.44.
11:29 EDTATVITake-Two calls active, could be Activision takeover target, says Benchmark Co.
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11:21 EDTATVITake-Two could be Activision takeover target, says Benchmark Co.
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August 22, 2014
11:59 EDTATVIGameStop surges after Q2 EPS, revenue beat expectations
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August 20, 2014
08:42 EDTATVIActivision Blizzard price target raised to $30 from $24 at Argus
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