NEW YORK/SAN FRANCISCO (Reuters) – Activist investor Carl Icahn will sell all his shares in Take-Two Interactive Software Inc back to the videogame company, netting a fat return on his investment in the “Grand Theft Auto” publisher.
Three directors nominated by the billionaire have resigned as part of the deal, under which Take-Two will pay $203.5 million in cash or cash equivalents for the 12.02 million shares Icahn owns, or about a 13 percent stake.
SAN FRANCISCO (Reuters) – Microsoft Corp sold over 1 million of its new Xbox One game consoles within 24 hours of their hitting store shelves on Friday, on par with Sony Corp’s PlayStation 4 despite launching in far more countries.
The new console, which launched in 13 countries, set a record for first-day Xbox sales and is currently sold out at most retailers, Microsoft said in a statement.
SAN FRANCISCO, Nov 21 (Reuters) – Microsoft Corp
aims to upstage rival Sony Corp with a console
that goes well beyond gaming and helps transform media viewing,
a long-cherished but elusive goal.
The software giant is betting its first new video game
console in eight years, which goes on sale on Friday, will help
sustain its position as a dominant player in gaming hardware. It
also hopes to build a high-margin, rapid-growth business that
plays a bigger role in how people watch television and consume
By Chandni Doulatramani and Malathi Nayak
(Reuters) – GameStop Corp, the world’s largest retailer of video game products, forecast earnings for the crucial holiday shopping quarter that fell short of Wall Street expectations, sending its shares down over 10 percent in morning trading on the Nasdaq.
The company said it expected fourth-quarter earnings of $1.97-$2.14 per share. Analysts on average expected $2.15, according to Thomson Reuters I/B/E/S.
SAN JOSE, California (Reuters) – A top Apple Inc executive testified on Friday that Samsung Electronics Co Ltd undermined his company’s marketing efforts, reputation and business by selling devices that copied the iPhone and iPad.
Apple marketing chief Phil Schiller appeared as a witness during a damages retrial between the two companies in a San Jose, California, federal court. Schiller also denied that Apple launched the iPad mini as a response to competition in the tablet market, saying Apple was merely trying to make a better product.
SAN FRANCISCO (Reuters) – Sony Corp (6758.T: Quote, Profile, Research) hopes its PlayStation 4 video game console, to be released on Friday, can win a sales battle brewing with Microsoft Corp (MSFT.O: Quote, Profile, Research) and build a platform for recovery at the Japanese firm’s loss-making consumer electronics operations.
Launching the PS4 a week before Microsoft’s Xbox One console hits stores, Sony has marketed the device aggressively in a TV and social media advertising blitz that the company believes will pay off in the United States’ year-end holiday season.
SAN FRANCISCO (Reuters) – As Twitter Inc had its coming-out party on the New York Stock Exchange on Thursday, the micro-blogging service exploded with a flurry of enthusiastic, lyrical and snarky tweets during the stock’s frenzied rally.
Seeing the stock start trading without a hitch, Anthony Noto, @anthonynoto, the Goldman Sachs banker who led the initial public offering, wrote a simple tweet: “Phew!”
SAN FRANCISCO (Reuters) – Video game publisher Activision Blizzard Inc, known for its “Call of Duty” franchise, said it raised its 2013 forecast but lowered its revenue estimates for the current quarter after warning that it could face a challenging holiday period.
The company’s stock dropped 2 percent in late trade from a close of $16.53 on the Nasdaq.
SAN FRANCISCO (Reuters) – Video game publisher Activision Blizzard Inc slightly raised its 2013 outlook driven by better-than-expected third-quarter earnings, the company said on Wednesday.
Activision, which closed a $8.2 billion deal last month to buy back most of its shares from French media conglomerate Vivendi, said that it expects GAAP earnings per share of 83 cents in 2013, compared to its previous forecast in the range of 80 cents to 82 cents.
SAN FRANCISCO, Nov 6 (Reuters) – Video game publisher
Activision Blizzard Inc slightly raised its 2013
outlook driven by better-than-expected third-quarter earnings,
the company said on Wednesday.
Activision, which closed a $8.2 billion deal last month to
buy back most of its shares from French media conglomerate
Vivendi, said that it expects GAAP earnings per share
of 83 cents in 2013, compared to its previous forecast in the
range of 80 cents to 82 cents.