Penn National Gaming Inc. has agreed to the purchase of Score Media & Gaming Inc. for a fee of approximately $1.74 billion in cash and stock. This move comes as the casino and racetrack operator looks to increase its share in the sports betting market. Currently, Penn National controls a...
After what was a tumultuous week of trading due to the GameStop short squeeze, U.S. stock indexes made a steady recovery on Tuesday morning. The Dow Jones rose by more than 350 points (approximately 1.2%), while the Nasdaq and S&P 500 indexes added 1% each.
After silver prices skyrocketed to...
Small investors that hail from India have recently taken advantage of the frenzy surrounding GameStop and its shares. They've jumped on the opportunity, which is why GameStop is the most commonly traded stock in certain Indian brokerages.
Ever since January 12th, GameStop shares have gone up a whopping 1,700%. This...
Shares of gaming merchandise retailer GameStop reached record highs on Monday due to a crush on short-sellers. The company's stocks skyrocketed by 130% with shares hitting a value of $100 by mid-session on Monday.
This unparalleled surge emerged as the result of a massive short squeeze on the stock, whereby...
After weeks of deliberation, the U.S. government ultimately decided against imposing an investment ban on Alibaba Group Holding Ltd. and Tencent Holdings Ltd. This move was initially triggered by a government decision to deter American citizens from investing in companies with ties to the Chinese military.
While initially backed by...
In an attempt to tap into a gaming market worth more than $11 billion, Huya Inc. has agreed to purchase DouYu International Holdings Ltd. in an all-share deal.
The company officially announced on Monday that investors were offered 0.73 American depositary shares of Huya per each Douyu share. As a...