tieup Archives - Zxcoachoutlet

GameStop shares surge 44% on tie-up with Microsoft to upgrade stores

October 9, 2020

Adds details from release, analyst comment, background

Oct 8 (Reuters) – GameStop Corp GME.N and Microsoft Corp MSFT.O signed a multi-year deal that would allow the videogame retailer to upgrade its stores with the software maker’s cloud and hardware services, sending GameStop shares 44% higher on Thursday.

GameStop, which already sells Microsoft’s flagship Xbox gaming console, said it would now offer a two-year digital subscription package with the consoles to players at no upfront cost.

Several analysts are expecting the November launches of the XBox Series X and rival Sony’s PlayStation 5 to boost sales for GameStop, which has been reeling under losses driven by coronavirus-led disruptions and delayed console purchases ahead of the new cycle.

Brokerage Jefferies said the agreement provides GameStop access to revenue created at the gamer level, instead of solely on the piece of content sold.

GameStop, which did not disclose the financial

Spain’s Unicaja, Liberbank in informal talks about tie-up – source

October 3, 2020

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MADRID (Reuters) – Spain’s Unicaja UNI.MC and Liberbank LBK.MC are holding informal talks about a potential tie-up to create the country’s fifth-biggest lender with over 100 billion euros ($117.13 billion) in total assets, a source with knowledge of the matter said.

“Informal talks between the two lenders are taking place,” the source said, adding that it was too early to say if that would lead to formal negotiations.

Both Liberbank and Unicaja declined to comment on the talks.

A source with knowledge of the matter said that Unicaja has not hired any investment bank to look into this potential deal and that no due diligence process was underway.

Both lenders have said in the past they are open to consolidation.

Earlier on Saturday, Bloomberg reported that Unicaja Banco was closer to a long-mooted takeover of Liberbank.

Last month’s all-share deal between Caixabank CABK.MC and Bankia BKIA.MC to create Spain’s biggest

Spain’s Unicaja, Liberbank in informal talks about tie-up: source

October 3, 2020

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MADRID (Reuters) – Spain’s Unicaja and Liberbank are holding informal talks about a potential tie-up to create the country’s fifth-biggest lender with over 100 billion euros ($117.13 billion) in total assets, a source with knowledge of the matter said.

FILE PHOTO: The logo of Unicaja bank is seen on the facade of a Unicaja bank branch in downtown Ronda, near Malaga January 29, 2014. REUTERS/Jon Nazca/File Photo

“Informal talks between the two lenders are taking place,” the source said, adding that it was too early to say if that would lead to formal negotiations.

Both Liberbank and Unicaja declined to comment on the talks.

A source with knowledge of the matter said that Unicaja has not hired any investment bank to look into this potential deal and that no due diligence process was underway.

Both lenders have said in the past they are open to consolidation.

Earlier on Saturday, Bloomberg

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