I should have a bit more confidence in my predictions, following word that leading Internet firm Tencent (HKEx: 700) has become a major shareholder in top global electronic game designer Activision Blizzard (Nasdaq: ATVI) as part of a deal to buy out the company from its parent. I had predicted last year that Tencent could buy Activision outright, after France’s Vivendi (Paris: VIV) put the US gaming company up for sale to raise cash and divest non-core assets. But then when more than a year passed without any word of a deal, I concluded that Tencent was either unable to raise the financing for a transaction, or perhaps had lost interest. Read Full Post…
Tag Archives: EA
News Digest: February 14, 2012 报摘: 2012年2月14日
The following press releases and media reports about Chinese companies were carried on February 14. To view a full article or story, click on the link next to the headline.
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◙ China Tells Banks to Roll Over Local Govt Loans: Report (English article)
◙ iPad Confiscated in China After Apple (Nasdaq: AAPL) Trademark Legal Loss (English article)
◙ Kaixin001 2011 Revenue Up 41% (English article)
◙ Tencent (HKEx: 700) and EA (Nasdaq: EA) Bring The Sims Social to China (Businesswire)
◙ DuPont and Yingli Green Energy (Nasdaq: YGE) Enter $100 Million Strategic Agreement (PRNewswire)
◙ Latest calendar for Q1 earnings reports (Earnings calendar)