GamingNews

Ubisoft: We’re reaping ‘benefits of Nintendo Switch’s huge success’

February 10, 2021
Nintendo’s massive Switch sales are translating into gains for other companies. Ubisoft emphasized that its support for the hybrid home/handheld console is directly contributing to its bottom line. Ubisoft announced in its quarterly financial report today that it is the top third-party publisher on Nintendo’s device. “We’re also reaping the benefits of the Switch’s huge success and our…
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GamingNews

Ubisoft has its strongest quarter in company history

February 9, 2021
Ubisoft has posted its financial results for the third quarter of 2020-2021, boasting its best quarter ever. The period ended on December 31. During the three months, Ubisoft released huge games, including Assassin’s Creed: Valhalla, Immortals: Fenyx Rising, and Watch…
GamingNews

NBA 2K21 pushes Take-Two to $860.9 million in Q4 2020 revenue, down 7.5%

February 9, 2021
Take-Two Interactive reported today that revenue for its third fiscal quarter (fourth calendar quarter ended December 31) beat Wall Street’s expectations, with revenue coming in at $860.9 million on a GAAP basis, down 7.5% from a year ago. The company credited sales of NBA 2K21 and other existing titles for the results. Take-Two’s stock price is trading at $204.47 a share, down 4% in…
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Electronic Arts acquires Glu Mobile for $2.4 billion

February 9, 2021
Electronic Arts is getting into the Kim Kardashian business. At least, that is the case if its deal to grab mobile gaming behemoth Glu Mobile goes through. EA announced its plans today to acquire Glu in a deal worth $2.4 billion. The companies expect the acquisition to close…
GamingNews

ZeniMax Media CEO Robert Altman passes away at 73

February 5, 2021
ZeniMax Media chairman and CEO Robert Altman has passed away at the age of 73. The leader of the parent company of video game publisher Bethesda Softworks was in the midst of selling Bethesda to Microsoft for $7.5 billion. Microsoft’s purchase of Bethesda for so much money speaks to the strength of the company that Altman built, with game brands such as The Evil Within, Wolfenstein, Quake, Doom…
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Call of Duty just had its best year ever

February 5, 2021
As part of its earnings report today, Activision Blizzard revealed that the Call of Duty had its strongest year ever in 2020. The series had over 100 million monthly average players during the year, and net bookings were at about double what they were in 2019. Call of Duty…
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EA moves closer to $1.2 billion Codemasters purchase

February 5, 2021
EA has edged closer to buying Codemasters after shareholders of the latter approved the takeover. Out of 76 shareholders, 63 approved EA’s $1.2 billion bid. Those who voted for the deal hold just under 99 percent of the total Codemasters stock. Competition regulators in Germany and Austria have rubber stamped the acquisition and a court hearing will take place on February 16th. Barring any…
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