New Rumor Suggests Tencent to Acquire South Korea’s NXC Corp (Nexon) Who Owns Bitstamp …

News coming from Seoul/Hong Kong indicate that Tencent Holdings Ltd, the Chinese Gaming titan is considering making a bid for Nexon. According …
New Rumor Suggests Tencent to Acquire South Korea's NXC Corp (Nexon) Who Owns Bitstamp & Korbit Crypto Exchanges

News coming from Seoul/Hong Kong indicate that Tencent Holdings Ltd, the Chinese Gaming titan is considering making a bid for Nexon. According to information obtained by Reuters, Tencent aims to do this by acquiring the holding company that currently holds overall control over Nexon operations.

The sources intimated to Reuters that Tencent is hopeful that it will be able to enlist willing co-investors. Information obtained by the news organization also indicates that there are various private equity firms that have been studying their options in order to make a reasonable deal.

Some have even contemplated making the openly listed corporation private.

Nexon Shareholders

A Korean Economic Daily newspaper earlier this month reports that Kim Jun-ju, the Nexon founder was interested in selling his stake in the NXC Corp holding firm. Kim and his wife, together with other related parties currently hold a ninety-eight point six four percent stake in the company.

The total stake is valued at between eight trillion and ten trillion won, which is equivalent to between seven point one billion American dollars and eight point nine billion American dollars. This is based on the information obtained from reports published in the Maeil Business Newspaper and the Korea Economic Daily.

According to Reuters sources, the sale is being run by Morgan Stanley and Deutsche Bank. The two financial institutions, however, refused to comment on the impending sale. According to the Maeil Business Newspaper, Goldman Sachs was picked by Tencent to act on an advisory capacity. The paper cited unidentified sources when releasing these reports.

The paper goes on to add those other companies that may be interested in making an offer for the stake include MBK Partners, Carlyle Group, TPG Capital, and KKR & Co Inc. Tencent and NXC Corp have also refused to provide a comment on this sale.

Nexon and Tencent—Brief History

Nexon was founded in 1994. Since inception, it has been able to develop more than eighty games which have gone on to be distributed to more than one hundred and ninety countries. The IP-franchise, which produced major hits such as KartRider, Sudden Attack, Dungeon & Fighter, and MapleStory are also a part of the Nexon Corporation.

Tencent currently happens to be the largest gaming company in the world in terms of total revenue generated from the sale of games. It holds an exclusive license to market and sell the Dungeon & Fighter game in China.

It is worth noting that Tencent—which is a social media-to-payments company—recently had to contend with persistent crackdowns on its operations which were carried out by the Chinese authorities. The authorities had stopped issuing new titles in March 2018. This move had been informed by an overhaul of its regulatory regulations.

The authorities said that it was necessary to overhaul the regulations as video games had started to become too violent. The gaming companies were also accused of producing games that led to myopia among the gamers, and which in some instances led to severe cases of addiction.

Electronic Arts (EA) Shareholder Private Harbour Investment Management & Counsel Has Raised …

Some Historical MA News: 21/03/2018 – IBM Watson, Mastercard, Walmart, CBS and PepsiCo Executives to Speak at the ARF’s …

Mastercard Incorporated (NYSE:MA) Logo

Wespac Advisors Llc decreased its stake in Mastercard Incorporated (MA) by 50.53% based on its latest 2018Q3 regulatory filing with the SEC. Wespac Advisors Llc sold 1,917 shares as the company’s stock declined 6.43% with the market. The institutional investor held 1,877 shares of the business services company at the end of 2018Q3, valued at $418,000, down from 3,794 at the end of the previous reported quarter. Wespac Advisors Llc who had been investing in Mastercard Incorporated for a number of months, seems to be less bullish one the $208.62 billion market cap company. The stock increased 1.35% or $2.69 during the last trading session, reaching $202. About 4.87 million shares traded or 2.58% up from the average. Mastercard Incorporated (NYSE:MA) has risen 32.53% since January 19, 2018 and is uptrending. It has outperformed by 32.53% the S&P500. Some Historical MA News: 21/03/2018 – IBM Watson, Mastercard, Walmart, CBS and PepsiCo Executives to Speak at the ARF’s CONSUMERxSCIENCE; 16/04/2018 – AMBASSADOR MICHAEL FROMAN JOINS MASTERCARD AS VICE CHAIRMAN,; 05/03/2018 – Jefferson Awards Foundation Honors Shaquille O’Neal, Bryan Stevenson, Alexis Jones and Mastercard as 2018 National Public Service Award Recipients; 16/04/2018 – MOVES-Mastercard taps former U.S. trade representative as strategic growth president; 16/05/2018 – IFC, Mastercard Foundation Extend Financial Inclusion for Millions in Africa; 19/04/2018 – CPI Card Group White Paper Lights the Road to a Rewarding Dual Interface Card Program; 05/04/2018 – Mastercard Names Ann Cairns Vice Chairman; 27/04/2018 – MASTERCARD SAYS RICHARD DAVIS PROPOSED TO BE ADDED TO BOARD; 27/04/2018 – MASTERCARD INC – RICHARD DAVIS PROPOSED TO BE ADDED TO BOARD; 24/05/2018 – Retailers Say Visa, Mastercard Pressing the Wrong Button

Private Harbour Investment Management & Counsel Llc increased its stake in Electronic Arts Inc (EA) by 52.41% based on its latest 2018Q3 regulatory filing with the SEC. Private Harbour Investment Management & Counsel Llc bought 6,851 shares as the company’s stock declined 26.04% with the market. The institutional investor held 19,923 shares of the prepackaged software company at the end of 2018Q3, valued at $2.40M, up from 13,072 at the end of the previous reported quarter. Private Harbour Investment Management & Counsel Llc who had been investing in Electronic Arts Inc for a number of months, seems to be bullish on the $27.95B market cap company. The stock increased 3.59% or $3.21 during the last trading session, reaching $92.52. About 5.40M shares traded or 8.89% up from the average. Electronic Arts Inc. (NASDAQ:EA) has declined 19.78% since January 19, 2018 and is downtrending. It has underperformed by 19.78% the S&P500. Some Historical EA News: 22/05/2018 – ELECTRONIC ARTS INC – ACQUIRED CLOUD GAMING TECHNOLOGY ASSETS AND PERSONNEL OF A WHOLLY OWNED SUBSIDIARY OF GAMEFLY, INC; 22/05/2018 – ELECTRONIC ARTS ACQUIRED GAMEFLY ASSETS; 08/05/2018 – Electronic Arts Sees 1Q Rev $1.080B; 08/05/2018 – ELECTRONIC ARTS INC EA.O – FY 2019 NET REVENUE IS EXPECTED TO BE APPROXIMATELY $5.60 BILLION; 07/03/2018 EA and Maxis Invite Players to Play with Life in The Sims Mobile, Available Worldwide Today; 08/05/2018 – Electronic Arts 4Q Rev $1.58B; 20/03/2018 – S&P REVISES ELECTRONIC ARTS INC. TO RATING ‘BBB+’ FROM ‘BBB’; 23/05/2018 – GAMEFLY: MAIL SUBSCRIPTIONS REMAIN AFTER ELECTRONIC ARTS DEAL; 09/05/2018 – ELECTRONIC ARTS INC EA.O : BARCLAYS RAISES TARGET PRICE TO $139 FROM $130; 22/05/2018 – Electronic Arts: Israeli Group Adds to EA’s Focus on Advanced Technologies

Analysts await Mastercard Incorporated (NYSE:MA) to report earnings on January, 31 before the open. They expect $1.53 earnings per share, up 34.21% or $0.39 from last year’s $1.14 per share. MA’s profit will be $1.58B for 33.01 P/E if the $1.53 EPS becomes a reality. After $1.78 actual earnings per share reported by Mastercard Incorporated for the previous quarter, Wall Street now forecasts -14.04% negative EPS growth.

Among 42 analysts covering Mastercard Incorporated (NYSE:MA), 37 have Buy rating, 0 Sell and 5 Hold. Therefore 88% are positive. Mastercard Incorporated had 147 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, January 4 by Mizuho. RBC Capital Markets maintained it with “Buy” rating and $14000 target in Thursday, July 27 report. The stock has “Top Pick” rating by RBC Capital Markets on Friday, June 16. Credit Suisse downgraded the stock to “Hold” rating in Thursday, July 27 report. The rating was maintained by SunTrust with “Buy” on Thursday, February 1. The rating was maintained by Barclays Capital with “Overweight” on Friday, September 8. The company was maintained on Tuesday, January 30 by Barclays Capital. The company was initiated on Thursday, December 17 by Sterne Agee CRT. The firm has “Buy” rating given on Friday, January 12 by Cowen & Co. Stifel Nicolaus maintained the stock with “Buy” rating in Monday, October 31 report.

Investors sentiment increased to 0.97 in 2018 Q3. Its up 0.01, from 0.96 in 2018Q2. It is positive, as 27 investors sold MA shares while 531 reduced holdings. 146 funds opened positions while 393 raised stakes. 734.72 million shares or 0.86% less from 741.07 million shares in 2018Q2 were reported. 17,329 were reported by Kj Harrison & Partners Incorporated. Roosevelt Inv Gp Inc Inc has invested 1.44% in Mastercard Incorporated (NYSE:MA). Moreover, Gulf Int Bancshares (Uk) Limited has 0.83% invested in Mastercard Incorporated (NYSE:MA). Merian (Uk) Ltd has invested 2.17% of its portfolio in Mastercard Incorporated (NYSE:MA). Picton Mahoney Asset Mgmt reported 178,105 shares. Smith Chas P Assocs Pa Cpas reported 1,297 shares. Navellier Assoc stated it has 0.66% in Mastercard Incorporated (NYSE:MA). Pineno Levin Ford Asset has 7,235 shares. South Texas Money Management Ltd owns 2,037 shares. The North Carolina-based Bb&T Corporation has invested 0.17% in Mastercard Incorporated (NYSE:MA). 880 were reported by Thompson Davis & Incorporated. Texas Permanent School Fund invested in 204,800 shares or 0.63% of the stock. Moreover, Jennison Associates Limited Liability Company has 3.08% invested in Mastercard Incorporated (NYSE:MA) for 15.02M shares. Baldwin Brothers Incorporated Ma invested in 2,060 shares. Highbridge Limited stated it has 49,696 shares.

More notable recent Mastercard Incorporated (NYSE:MA) news were published by: Fool.com which released: “Where Will Mastercard Be in 5 Years? – The Motley Fool” on December 24, 2018, also Benzinga.com with their article: “Despite Expectations For A ‘Solid’ Q4 Print, BofA Says Mastercard (NYSE:MA) No Longer A Buy – Benzinga” published on January 08, 2019, Investorplace.com published: “American Express Stock Dips Are Buying Opportunities – Investorplace.com” on January 18, 2019. More interesting news about Mastercard Incorporated (NYSE:MA) were released by: Seekingalpha.com and their article: “Mastercard: Great Company But Still Expensive – Seeking Alpha” published on December 31, 2018 as well as Benzinga.com‘s news article titled: “The Credit Card Logo Formerly Known As Mastercard (NYSE:MA) – Benzinga” with publication date: January 07, 2019.

Wespac Advisors Llc, which manages about $705.49 million and $171.41 million US Long portfolio, upped its stake in Ladder Cap Corp (NYSE:LADR) by 36,588 shares to 92,340 shares, valued at $1.56M in 2018Q3, according to the filing. It also increased its holding in Netapp Inc (NASDAQ:NTAP) by 3,881 shares in the quarter, for a total of 11,556 shares, and has risen its stake in Old Rep Intl Corp (NYSE:ORI).

Since November 2, 2018, it had 1 buy, and 1 sale for $473,978 activity. Shares for $486,015 were bought by DAVIS RICHARD K on Friday, November 2.

Investors sentiment increased to 1.25 in Q3 2018. Its up 0.15, from 1.1 in 2018Q2. It increased, as 69 investors sold EA shares while 197 reduced holdings. 105 funds opened positions while 227 raised stakes. 271.01 million shares or 0.29% more from 270.23 million shares in 2018Q2 were reported. Livingston Grp Asset Mgmt (Operating As Southport Cap Management) owns 30 shares. Paloma Prns reported 0.12% in Electronic Arts Inc. (NASDAQ:EA). 1,893 are owned by Mckinley Cap Management Ltd Delaware. Veritable LP owns 7,852 shares. Nbw Cap Ltd Liability Com accumulated 20,529 shares. Bb&T Securities Ltd owns 0.01% invested in Electronic Arts Inc. (NASDAQ:EA) for 9,380 shares. The California-based Whittier Commerce has invested 0% in Electronic Arts Inc. (NASDAQ:EA). Ims Capital Management owns 584 shares. Shapiro Capital Ltd Com accumulated 2,600 shares. Ameriprise Fincl reported 0.11% of its portfolio in Electronic Arts Inc. (NASDAQ:EA). Tudor Inv Corporation Et Al holds 36,904 shares. Mig Lc, California-based fund reported 216,138 shares. Comm Of Vermont reported 586 shares. Jabre Partners Sa holds 10,623 shares. Adirondack Company reported 0% stake.

More notable recent Electronic Arts Inc. (NASDAQ:EA) news were published by: Investorplace.com which released: “What Is Esports And Why Should Investors Care About Gaming? – Investorplace.com” on January 16, 2019, also Bizjournals.com with their article: “Drones, bionic arms & more: Otronicon event homes in on local startups – Orlando Business Journal” published on January 08, 2019, Fool.com published: “Why Electronic Arts Stock Plunged 25% in 2018 – Motley Fool” on January 10, 2019. More interesting news about Electronic Arts Inc. (NASDAQ:EA) were released by: Schaeffersresearch.com and their article: “Star Wars Scare Sparks EA Options Activity; Earnings Beat Helps UAL Take Off – Schaeffers Research” published on January 16, 2019 as well as Nasdaq.com‘s news article titled: “Take-Two Interactive Stock Is Still The Top Bet In Video Gaming – Nasdaq” with publication date: January 11, 2019.

Mastercard Incorporated (NYSE:MA) Institutional Positions Chart

Related Posts:

  • No Related Posts

Niantic, the company behind Pokemon Go, has raised a new $245 million funding round at a $4 …

Strategic investment in Series C funding also comes from aXiomatic Gaming, Battery Ventures, Causeway Media Partners, CRV and Samsung …

Augmented reality developer Niantic said Wednesday it has raised $245 million in a Series C funding round led by venture capital firm IVP.

In 2015, Niantic spun out of Alphabet as an independent, private company with $35 million in Series A funding from The Pokemon Company Group, Google and Nintendo.

Following the launch of Pokemon Go, the company raised $200 million in Series B funding, led by Spark Capital and included additional investors such as NetEase.

This latest round will bring the company’s valuation to nearly $4 billion.

“IVP is excited to support Niantic in building the future of AR,” IVP’s Sandy Miller said in a statement. “It delivers the magic of AR through highly popular games, but ultimately by delivering an operating system for applications that unite the digital world with the physical world.”

The Series C funding will go toward advancing users’ AR experiences by investing in advanced capabilities, machine learning and the Niantic Real World Platform, the company’s operating system that bridges the real and digital world.

Niantic plans to expand its game offerings as it prepares its 2019 release of “Harry Potter: Wizards Unite” with WB Games.

With a similar concept to Pokemon Go, users will be able to explore their neighborhoods and cities across the globe, learn spells and interact with AR beasts and characters based on J.K. Rowling’s novels.

This is the first major AR game launch since Pokemon Go in 2016, which in two years was downloaded over 800 million times.

Niantic said it will also be accelerating staffing for growth initiatives related to the company’s developer platform.

“We continue to be focused on delivering on our mission of bringing people together through experiences that marry advanced technology and the real world,” co-founder and CEO John Hanke said in a statement. “This funding round adds financial and strategic support as we focus on doubling down on that mission with our platform and building upon the popularity we’ve established in recent years as we grow our portfolio and offerings.”

Strategic investment in Series C funding also comes from aXiomatic Gaming, Battery Ventures, Causeway Media Partners, CRV and Samsung Ventures.

Related Posts:

  • No Related Posts

Take (TTWO) Shareholder Uss Investment Management LTD Increased Stake

Lodge Hill Capital Ltd Liability Co holds 2.84% or 136,500 shs in its capital. 11,038 are held by Lpl Finance Ltd Llc. New York-based Fred Alger …

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Corporate LogoBig Money Sentiment increased to 1.3 in 2018 Q3. It has change of 0.40, from 2018Q2’s 0.9. The ratio increased due to TTWO positioning: 42 sold and 140 reduced. 93 funds bought positions and 144 increased positions. Investors holded 101.35 million in 2018Q2 but now own 97.07 million shares or 4.22% less. Us National Bank & Trust De accumulated 17,083 shs. Comerica Secs has invested 0.03% in Take-Two Interactive Software, Inc. (NASDAQ:TTWO). Jennison Assocs Limited Liability reported 0.04% in Take-Two Interactive Software, Inc. (NASDAQ:TTWO). Raymond James Serv Advisors Inc stated it has 0.01% of its capital in Take-Two Interactive Software, Inc. (NASDAQ:TTWO). Lodge Hill Capital Ltd Liability Co holds 2.84% or 136,500 shs in its capital. 11,038 are held by Lpl Finance Ltd Llc. New York-based Fred Alger Management Incorporated has invested 0.2% in Take-Two Interactive Software, Inc. (NASDAQ:TTWO). Cambridge Investment Research Advisors Inc stated it has 2,938 shs. Comerica Commercial Bank reported 0.05% in Take-Two Interactive Software, Inc. (NASDAQ:TTWO). Adirondack Co reported 95 shs. Symphony Asset Mngmt Limited Com invested 0.13% of its capital in Take-Two Interactive Software, Inc. (NASDAQ:TTWO). Hartford Inv reported 15,440 shs. Livforsakringsbolaget Skandia Omsesidigt reported 0.02% of its capital in Take-Two Interactive Software, Inc. (NASDAQ:TTWO). Capital Fund Mngmt Sa holds 0.02% or 28,296 shs. Paloma Prtnrs Mngmt Co has invested 0.03% in Take-Two Interactive Software, Inc. (NASDAQ:TTWO).

TTWO had 2 selling transactions and 1 insider purchase since August 24, 2018. This’s net activity of $8.38 million. Shares for $10.05 million were bought by Viera Paul E. Shares for $1.64 million were sold by Emerson Daniel P.

According to 2018Q3 SEC form the Uss Investment Management Ltd increased its stake in Take (TTWO) by 15.61%. 172,218 shares were bought by Uss Investment Management Ltd as the company’s stock declined 18.52% with the market. At the end of 2018Q3, the 1.28M shares of the technology company held by the institutional investor were valued at $176.04 million, up from 1.10 million at the end of the previous reported quarter. Take has $12.24 billion MC. TTWO hit $107.5 during the last trading session after $1.53 change.Take-Two Interactive Software, Inc. has volume of 121,420 shares. Since January 14, 2018 TTWO has declined 1.22% and is downtrending. TTWO underperformed by 1.22% the S&P 500.

Uss Investment Management Ltd manages about $9.94B US Long portfolio. According to a filing the fund reduced its stake in Alphabet Inc by 3,544 shares to 12,066 shares, valued at $14.57 million in 2018Q3. For a total of 1.66 million shares it reduced its holding in Facebook Inc (NASDAQ:FB) by 304,372 shares in the quarter, and has cut its stake in Exxon Mobil Corp (NYSE:XOM).

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Ratings Coverage

In total 11 analysts cover Take-Two Interactive (NASDAQ:TTWO). “Buy” rating has 9, “Sell” are 0, while 2 are “Hold”. (NASDAQ:TTWO) has 82% bullish analysts. 13 are the (NASDAQ:TTWO)’s ratings reports on 14 Jan 2019 according to StockzIntelligence Inc. The company rating was maintained by Bank of America on Thursday, August 30. On Monday, August 6 the stock has “Overweight” rating by Barclays Capital. On Monday, August 6 the stock of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has “Market Perform” rating given by BMO Capital Markets. On Thursday, November 8 the rating was maintained by Credit Suisse with “Neutral”. On Monday, August 6 the stock of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) earned “Buy” rating by Stifel Nicolaus. The stock rating was maintained by Morgan Stanley with “Overweight” on Thursday, November 8. On Thursday, November 8 Jefferies maintained Take-Two Interactive Software, Inc. (NASDAQ:TTWO) rating. Jefferies has “Buy” rating and $155 target. On Friday, August 3 the stock of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has “Overweight” rating given by Morgan Stanley. The company rating was reinitiated by Buckingham Research on Tuesday, December 18. In Tuesday, September 11 report Stifel Nicolaus maintained the stock with “Buy” rating.

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Institutional Investors Chart

Receive News & Ratings Via Email – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings with our FREE daily email newsletter.

Related Posts:

  • No Related Posts

Bitcoin [BTC] worth $70000 donated to a Twitch gamer playing Runescape

A Twitch streamer called “Sick_Nerd” received a donation of 20 BTC during a live stream on January 11, 2019 while playing a Massive Multiplayer …

A Twitch streamer called “Sick_Nerd” received a donation of 20 BTC during a live stream on January 11, 2019 while playing a Massive Multiplayer Online Role-Playing Game [MMORPG].

Sick_Nerd is a verified Twitch streamer who has been playing Runescape and streaming on Twitch for more than five years with a total of 109, 546 followers.

The donation was made by a user “lightpuma” on January 11, 2019. It came in denominations of 4 BTC and the total donations amounted to 20BTC worth a whopping €61,687.42 or $70,780.20.

Sick_Nerd, overwhelmed by the donations, took to his twitter to express his gratitude. He tweeted:

“If that money is genuinely real I’m not going to be a retard with it. That’s a down payment on a house or something like that, no versace flip flops or anything I swear.”

In a subsequent tweet he said:

“Thank you to my mysteriously benefactor whoever you are, genuinely a life changing amount of money that I or nobody deserves but look what happened. Crazy”

The news of the donation reached Reddit eventually and a thread was created by u/araldor1. People on the thread were glad that the donation was in Bitcoin, and not fiat money which can be censored.

Source: Twitter | @WhalePanda

The creator of the thread commented:

“Usually when I donation like this happens on Paypal it’s a fake donation and the fee is refunded. Obviously with Bitcoin this isn’t an issue. Pretty cool either way. I wish someone would send me 20 BTC.”

WhalePanda, a popular Twitter user tweeted:

“Someone donated 20 btc ($74k) to a twitch streamer to keep streaming. I would run them a few times through wasabi wallet before using them or sending them to an exchange…”

Later, people were concerned about the donation and the origin of the coins.

Whale Panda eventually tweeted:

“If someone just sends you $74k for “streaming” a game, I would be a bit worried about the origin of these coins.


Subscribe to AMBCrypto’s Newsletter



Follow us on Telegram | Twitter | Facebook


Related Topics:BitcoinBTCnewsTwitch
Up Next

LTO Network offers unique multi-layer architecture and will list soon on BitMax.io

Don’t Miss

Tron [TRX]’s Justin Sun debunks accusations concerning TRC10 BitTorrent token [BTT]

Related Posts:

  • No Related Posts