The stock market is having a rough start to 2022, but that doesn't mean every ticker is in the doldrums. We apologize, but this video didn't load.
You can see other videos from our team by tapping here. Here is a 25 per cent increase in takeover targets as a result of Activision deal triggers merger chatter in gaming. Video game giant Activision Blizzard, for instance, saw a nice 25 per cent jump Tuesday on news that Microsoft agreed to acquire it for US $68.7 billion. The deal would add Activision Blizzard's popular game franchises - such as World of Warcraft, Call of Duty and Candy Crush - to Microsoft's portfolio. It would mark Microsoft's biggest acquisition to date, more than twice as large as its US $26.2 billion acquisition of LinkedIn in 2016. The news comes just one week after Take-Two Interactive, maker of Grand Theft Auto video games, said it would acquire mobile games specialist Zynga for US $12.7 billion. Here s a look at two stocks that could be acquisition targets for deep-pocketed tech gorillas. Electronic Arts is deeply enmeshed in the video game industry and can be used to pick up stocks with nothing more than your extra cash, using an app that charges no fees or commissions like Activision Blizzard. The company develops games for personal computers, gaming consoles and mobile devices. EA founded its 1982 franchise with a portfolio of established franchises, such as Battlefield, The Sims, Need for Speed, and the FIFA franchise. In the company's fiscal year 2021, it brought in $5.6 billion of revenue. Things have improved in the past in 2022. Net sales of products and services sold in Q 2, a 103 per cent increase, was the net amount of products and services sold in Q2, which was US $1.85 billion at the end of September 30, 2021.
Cash is returned to investors by the EA. It purchased 2.3 million shares for US $325 million during the September quarter and is currently paying a dividend of 17 cents per share. After the Microsoft-Activision acquisition news, EA shares increased by 2.5 per cent Tuesday on speculation that the company's large user base could be attractive to Big Tech companies who want to join the gaming action. Users can play games in block-based worlds by using Roblox. It allows creators to get paid through an in-game currency called Robux. The company went public in March 2021 through a direct listing and closed at US $69.50 on its first day of trading. The shares surged to over US $140 apiece in November, but they weren't able to continue that upward momentum.
The stock price of Roblox is at US $76.22 per share, a pullback of over 45 per cent from its peak at the time of writing. The company's business was growing rapidly, despite the fact that the stock had a rollercoaster ride. The platform had 47.3 million average daily active users in Q 3, up 31 per cent over the last year. Revenue rose 102 per cent year over year to US $509.3 million. In the latest earnings press release, CEO David Baszucki said that people of all ages from across the globe chose to spend over 11 billion hours on Roblox during the third quarter. One of the reasons behind the success of the platform is its ability to attract developers. Roblox said that the developer community earned more than US $130 million in Q 3 and was on track to earn more than US $500 million for the full year.
Roblox is a big company with a market cap of over US $44 billion. In today s world, there are mega-cap tech giants with enough cash to put Roblox on their shopping list. With stock market stock markets being as volatile as they are, it's always good to have something to offset those investments. One option for wealthy people is fine art whose value has very little correlation with stocks. Those who couldn't afford the large sums involved in buying blue-chip art were always shut out of the market. Retail investors can also reap the benefits of investing in artwork thanks to a new platform. This article was created by Wise Publishing. Wise is devoted to providing information that helps readers navigate the complex landscape of personal finance. Wise partners with brands it believes may be helpful to the reader. This article is not intended to be construed as advice. It is provided without any warranty of any kind.