Upcoming Corsair Gaming IPO Highlights Rise of Gaming, eSports, and Streaming
Corsair Gaming is a provider of high-performance gear for gamers & content creators. It leads U.S. market share in categories including keyboards, power supply units, & high-performance memory. The company filed to go public on Friday and will trade under the symbol CRSR.
The Sims is an Underrated Asset for EA: Needham
FIFA and Madden are Electronic Arts’ prized possessions, but The Sims is the underrated asset creating upside for the stock, according to Needham analyst Laura Martin. Martin raised her price target to $150 from $135 on Friday morning.
EA the Most Likely Suitor for Warner Bros. Games: Analyst
AT&T is considering the sale of its Warner Bros. gaming division, according to a CNBC. Jefferies analyst Alex Giaimo says in a recent note that “ATVI and EA are the most logical buyers, each with enough cash to absorb the reported $4B asking price.”
Zynga’s $1.8 Billion Acquisition Puts Its Strong M&A Track Record to the Test
Zynga is acquiring Turkish mobile-game developer Peak Games for $1.8 billion, its largest acquisition of all time. Peak Games titles include Toon Blast and Toy Blast. The deal is expected to close in the third quarter of 2020.
Electronic Arts’ Monopoly on NFL Video Games
Electronic Arts quickly shut down any speculation that Take-Two Interactive would soon be encroaching on its turf in NFL gaming. EA reached an agreement with the NFL on Thursday to extend its exclusive rights to NFL simulation video games through 2026. That means the lucrative Madden franchise will have another few years with zero competition.
NBA2K20 Carries Take-Two Interactive to Breakout Quarter
NBA2K20 balls out with NBA sidelined: 2K20 has sold over 12 million units, a 33% increase vs. 2K19 in the same period. The company assured investors that a potentially delayed NBA season likely won't impact the success of the upcoming NBA 2K21.
Zynga Joins List of Gaming Companies Benefiting from Stay-at-Home
Zynga experienced its best first quarter ever for revenue and bookings as stay-at-home orders sparked more demand for its mobile games.