It was a good week to be playing video games. Activision Blizzard (NASDAQ: ATVI ) moved sharply higher on Friday after striking a deal to buy most of the shares held by majority stakeholder Vivendi. Earlier in the week, Electronic Arts (NASDAQ: EA ) gained ground after posting a much narrower quarterly deficit than analysts were expecting.
It's certainly way too early to think they either company has won this game. Why is Vivendi cashing out now? Meanwhile, a smaller loss at EA is still a loss.
The trends also continue to work against the video-game companies as mainstream gamers seem to be just fine playing free ad-based apps, leaving a thinner crowd of diehard gamers willing to pay up for the more intricate console-based experiences.
The news was certainly good this week, but the real test will come this holiday season, when the new consoles hit the market.
Briefly in the news
And now let's take a quick look at some of the other stories that shaped our week.
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