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 ‘Hidden Value’ of Amazon’s Media Business
Amazon’s media businesses today are worth about $500 billion, or 38% of the internet giant’s total value, according to new analysis from Needham. Analyst Laura Martin, who initiated coverage of the stock Wednesday with a $3,200 price target, says Amazon’s media assets are 90% as valuable as AWS, “but these revenue streams are somewhat ‘hidden’ since AMZN doesn’t break out their revenue or operating income.”
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.
These Are the Casino Stocks Best Positioned for a Gaming Recovery
Las Vegas Sands and Wynn Resorts are best positioned to lead the gaming industry’s recovery, according to UBS. The firm says LVS’s and WYNN’s higher Macau exposure relative to its peers gives the two casinos a headstart in returning to 2019 revenue levels.