gaming

Microsoft Acquires Obsidian and InXile For Xbox Developer Stable

Microsoft Acquires Obsidian and InXile For Xbox Developer Stable

Microsoft (NASDAQ: MSFT) expands Xbox Developer Stable as it acquires Obsidian and InXile, creators of RPG’s directed towards PC users. Obsidian and InXile are two of the new studios Microsoft had acquired to join forces with its four other ac..

The Latest “Buzz on the Street” Show: Featuring Michael Jordan and Drake eSports Investments

The Latest “Buzz on the Street” Show: Featuring Michael Jordan and Drake eSports Investments

eSports is an emerging market that many investors are becoming involved in. Gamers competing against each other at a professional level brings in millions of viewers and millions in revenue yearly. 100 Thieves is an emerging team on the eSports scen..

Bank of America Downgrades EA and Activision Blizzard Due to “Fortnite” Growth

Bank of America Downgrades EA and Activision Blizzard Due to “Fortnite” Growth

Bank of America Merrill Lynch lowered its rating for both Electronic Arts (NASDAQ: EA) and Activision Blizzard (NASDAQ: ATVI) shares to neutral from buy due to the crowded holiday season and competition from Epic Games’ “Fortnite.”..

MGM Resorts to partner with GVC Holdings in US sports betting business

MGM Resorts to partner with GVC Holdings in US sports betting business

MGM Resorts International (NYSE: MGM) announced on Monday it would partner with Britain’s GVC Holdings PLC (LON:GVC) to create a sports betting and online gambling platform in the US.The announcement of the 50-50 joint venture skyrocketed shar..

Penn National Acquires Pinnacle Entertainment

Penn National Acquires Pinnacle Entertainment

On Monday, Penn National Gaming, Inc (NASDAQ: PENN) announced plans to acquire Pinnacle Entertainment for $2.8 billion and is expected to close in the second half of 2018. Pinnacle shareholders will receive $20 in cash and 0.42 shares of Penn Nation..

Facebook Looking to Start Original Productions

Facebook Looking to Start Original Productions

Facebook Inc. (NASDAQ: FB) is reportedly in talks with Hollywood producers, discussing the development of TV-quality shows with plans to launch original programming by late summer, people familiar with the matter said according to a report by f..