Finance News

News: SEGA Reveals Jump in Profits in Q2 Results

SEGA Reveals Jump in Profits in Q2 Results

Boxed sales witness a slowdown, while digital performs well

SEGA has released its financial results for the second quarter of 2013, revealing a massive 408 percent leap in profits. The company recorded a 12.9 billion yen ($131.8 million/ £87 million/ €99.4 million ) profit between 1st April and 30th June, compared to the 2.5 billion yen ($25.8...

News: Nintendo Stock Rises By 11%

Nintendo Stock Rises By 11%

The largest increase since 2008

The Japanese yen has reached a three-year low against the euro meaning many successful exporters are enjoying a rise in stock. Nintendo has seen an 11% rise in stock value, which now stands at 11,850 yen, the largest gain since 2008. The yen has weakened against all 16 major counterparts this year as speculation...

News: Troubled THQ To Be Picked Apart By Rivals

Troubled THQ To Be Picked Apart By Rivals

Key franchises to be sold to the highest bidder

The future of THQ largely hangs in the balance as the company struggles to find the cash to stay afloat. Back in December the publisher filed for Chapter 11 Bankruptcy handing over its assets to investment firm Clearlake Capital, which is now looking for a prospective buyer. It has been confirmed...

News: THQ Files For Chapter 11 Bankruptcy

THQ Files For Chapter 11 Bankruptcy

Upcoming games are safe

THQ has been sailing through some stormy seas recently. The developer currently has $16.4 million outstanding on its facility and recently entered into a forbearance agreement with the finance company Wells Fargo Capital Finance. The waves don’t seem to be easing up for the company as it has today filed for Chapter 11...

News: THQ Enters Forebearance Agreement With Creditors

THQ Enters Forebearance Agreement With Creditors

Foreclosure delayed, for now

THQ has been going through some difficult times lately. The developer currently has $16.4 million outstanding on its facility and two weeks ago it defaulted on a loan worth $50 million. Things were looking bleak, but it appears the company has entered into an agreement with the finance company Wells Fargo Capital Finance...