5:19 a.m. Sept. 21, 2020
- By Emily Bary
Microsoft to buy Bethesda Softworks parent ZeniMax Media for $7.5 billion in big bet on gamingMicrosoft Corp. announced Monday morning that it would be acquiring ZeniMax Media, the parent company of game publisher Bethesda Softworks, for $7.5 billion in cash. Shares of Microsoft are down 1.8% in premarket trading. The company said in its release that games "are fueling new cloud-gaming services like Xbox Game Pass," which has over 15 million subscribers. Microsoft plans to add Bethesda's "iconic franchises" to the GamePass library and it intends to bring future Bethesda games to Game Pass on the same day that they launch on Xbox or PC. "Quality differentiated content is the engine behind the growth and value of Xbox Game Pass-from Minecraft to Flight Simulator," Chief Executive Satya Nadella said in a release. "As a proven game developer and publisher, Bethesda has seen success across every category of games, and together, we will further our ambition to empower the more than three billion gamers worldwide." Microsoft expects the deal to close in the back half of fiscal 2021 and have "minimal impact" on non-GAAP operating income in fiscal 2021 and fiscal 2022. Microsoft shares are up 13% over the past three months as the Dow Jones Industrial Average has gained 7%.
12:14 p.m. June 12, 2020
- By Wallace Witkowski
AT&T in talks to sell WB games business in possible $4 billion deal: reportAT&T Inc. is in talks to sell off Warner Bros. Interactive Entertainment in that deal that could value the gaming business at as much as $4 billion, according to a report Friday. that Take-Two Interactive Software Inc. , Electronic Arts Inc. and Activision Blizzard Inc. are all interested in the gaming division, according to unidentified sources close to the matter. carries such titles as "Harry Potter: Wizards Unite," "Mortal Kombat 11," "Game Of Thrones Conquest," as well as the Lego and Hitman franchises. CNBC said it was unable to obtain comment from the involved parties. AT&T shares closed up 1.1% at $30.50, while Take-Two shares declined 0.7% to $134.00, Electronic Arts shares fell 0.4% to $121.97, and Activision shares rose 0.6% to close at $71.68.
10:36 a.m. June 2, 2020
- By Wallace Witkowski
Zynga acquisition of Peak Games meets with analyst approval Shares retreat from eight-year high following deal’s announcementZynga Inc. shares retreat from their recent eight-year highs Tuesday as analysts digest the social gaming company’s most recent acquisition and see it as a long-term boon.
3:16 a.m. June 1, 2020
- By Ciara Linnane
Zynga to acquire Turkish mobile gaming company Peak for $1.8 billion in cash and stockVideo game maker Zynga Inc. said Monday it has agreed to acquire Turkish mobile gaming company Peak for $1.8 billion in cash and stock. Peak is the owner of Toon Blast and Toy Blast, two franchises that rank in the top 10 and top 20 U.S. iPhone grossing games for more than two years, Zynga said in a statement. "These franchises add significant scale to Zynga's live services and will be an additional driver of margin expansion over the coming years," said the statement. Zynga is paying $900 million in cash and about $900 million in common stock with the deal expected to close in the third quarter. Peak was founded in 2010 and is expected to grow Zynga's average mobile daily average users by more than 60%. Zynga said it now expects its second-quarter loss per share to come to 17 cents, wider than the 6 cents it expected when it last offered guidance in May. Zynga shares rose 4.5% premarket and are up 50% in the year to date, while the S&P 500 has fallen 6%.