Euronet Blackhawk poised to benefit from Google Play growth, says Wells Fargo Wells Fargo believes that investors are underestimating the benefits that Euronet (EEFT) and Blackhawk (HAWK) can derive from distribution partnerships with Google's (GOOG) Google Play. The firm thinks that Google Play's expansion could cause 2014 revenue estimates for Euronet and Blackhawk to increase. Wells keeps Outperform ratings on Euronet and Blackhawk.
News For EEFT;HAWK From The Last 14 Days
Check below for free stories on EEFT;HAWK the last two weeks.
Blackhawk acquires Germany-based Retailo AG Blackhawk Network announced that it has acquired Germany-based Retailo AG. The acquisition adds over 40,000 new distribution locations, bringing Blackhawk's total EMEA retail distribution network to approximately 70,000. The deal is part of Blackhawk's strategy to serve consumers' demand for gift cards and prepaid solutions across Europe, including Germany where Blackhawk has had limited presence to date. Blackhawk funded the purchase with cash from operations.