Games/Entertainment
Line IPO may value company at USD28 billion - report
South Korean communication app maker Line would stand to be valued at USD8 billion should it go public, according to information technology news site The Next Web.
Softbank-GungHo OnLine consortium acquires 51% stake in Supercell for USD1.53 billion
Japanese firms Softbank Corp and games developer GungHo OnLine Entertainment had purchased a controlling stake in Supercell for USD1.53 billion.
Private equity groups eye purchase of theater group Ambassador- report
The Telegraph reported that several private equity groups were invited to bid for a controlling stake of Ambassador.
Activision regains majority after Vivendi stake buyout
Activision regains independence after it bought back shares from Vivendi SA. A group led by Activision CEO Bobby Kotick in partnership with Activision Blizzard Inc recently completed a buyout worth USD8.
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Microsoft Corp, fresh from its buyout agreement with Nokia Oyj, would need to convince app makers to partner with them in order to regain market share in the smartphone market.
Bloomberg reported that Walt Disney Co had planned to stop the issuance of stock certificates in its physical form and issue them in digital form instead.
A Techcrunch report talked about the necessity of top mobile gaming companies and rivals Gamevil and Com2uS consolidating into one gaming empire.
Representative John Boehner was compared to a tantrum-throwing baby in a television commercial set to go live on Sunday night football.