Electronic Arts Outruns Take-Two in Codemasters Race
Electronic Arts said it had reached an agreement to buy Codemasters in a deal worth $1.2 billion, beating rival video games maker Take-Two Interactive Software to the finish line for the British company.
Codemasters shares surged 18.7 percent to $8.63, above EAâs offer of $8.17 per share. UK-based Codemasters, known for its Formula One, DiRT Off-Road Racing, Fast & Furious high-speed action, and Grid video games, said it considered the new bid to be superior to the $6.56 per share offer from Take-Two. Take-Two said it was considering its position.
Activision Blizzard Inc., Take-Two, and EA have all benefited from a surge in video game sales in the US, due in part to more people spending time indoors due to the pandemic. But could this trend reverse itself next year, as people begin vaccinating against COVID-19?
Social Gaming Market Is Booming Worldwide openpr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from openpr.com Daily Mail and Mail on Sunday newspapers.
Video Game Software Global Market Opportunities And Strategies To 2030: COVID-19 Impact and Recovery
New York, Dec. 16, 2020 (GLOBE NEWSWIRE) Reportlinker.com announces the release of the report Video Game Software Global Market Opportunities And Strategies To 2030: COVID-19 Impact and Recovery - https://www.reportlinker.com/p05996706/?utm source=GNW
The report covers the following chapters
Executive Summary – The executive summary section of the report gives a brief overview and summary of the report
Report Structure – This section gives the structure of the report and the information covered in the various sections.
Introduction - The introduction section of the report gives brief introduction about segmentation by geography, and segmentation by type, and by genre.
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.
Dow Drops, but Tech Stocks Continue to Rise gobankingrates.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gobankingrates.com Daily Mail and Mail on Sunday newspapers.