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On February 23, 2016, $ATVI completed the King acquisition and purchased all of the outstanding shares of King for $18 cash per share. The total purchase price was approx. $5.8Bil, which was funded with $3.6Bil of existing cash and $2.2Bil of cash from new debt issued by the company.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.