Benzinga s Top Upgrades, Downgrades For December 16, 2020 benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
Welcome to Morningstar.co.uk!
You have been redirected here from Hemscott.com as we are merging our websites to provide you with a one-stop shop for all your investment research needs.
Get Started: To search for a security, type the name or ticker in the search box at the top of the page and select from the dropdown results.
Registered Hemscott users can log in to Morningstar using the same login details. Similarly, if you are a Hemscott Premium user, you now have a Morningstar Premium account which you can access using the same login details.
CALL of Duty: Modern Warfare, Animal Crossing: New Horizons and Grand Theft Auto V, an eclectic mix of new and evergreen games, were among the top sellers this past year as most people who were unable to go to the cinema, concerts, sports events or other outdoor activities took to interactive video gaming at home. Sales of video games jumped more than 20% in the first 10 months of this year, according to gaming industry research firm NPD Group. Spending on consoles, which is usually depressed ahead of impending new console releases, soared 23% in the January-October period as consumers around the world spent more time at home during the pandemic.
EA Outbids Take-Two to Purchase DiRT Developer Codemasters for $1.2B
DiRT and
Battlefield and
FIFA, EA announced its purchase of the UK-based driving game studio via statement on its website. EA says its investment that amounts to an implied value of $1.2 billion is anticipated to be finalized in the first quarter of 2021.
“Electronic Arts and Codemasters have a shared ambition to lead the video game racing category,” Codemasters chairman Gerhard Florin said. “The Board of Codemasters firmly believes the company would benefit from EA’s knowledge, resources and extensive global scale – both overall and specifically within the racing sector. We feel this union would provide an exciting and prosperous future for Codemasters, allowing our teams to create, launch and service bigger and better games to an extremely passionate audience.”
Author Bio
Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock and roll bands. A native New Yorker, he currently lives in Los Angeles.
Electronic Arts (NASDAQ:EA) has zoomed past rival
Take-Two Interactive (NASDAQ:TTWO) to acquire U.K.-based video game developer and publisher Codemasters. On Monday, Electronic Arts and Codemasters both announced that the two companies agreed that the former will purchase the latter in a deal valued at $1.2 billion.