Despite a bevy of law-firm investigations of Sirius XM Holdings Inc. (NASDAQ: SIRI) for potential stockholder claims as a result of the satellite-radio company’s proposed acquisition by Liberty Media Corp., its stock price is making healthy strides.
On Jan. 3, 2014, Liberty Media make its intentions to buy Sirius public by offering about $10.4 billion at a rate of $3.68 per share to take over the network that broadcasts the legendary and hyper-successful Howard Stern. The deal would involve creating a new class of stock called Series C, adding 0.076 per share to give the company a total market value of as much as $27 billion.
The pending acquisition is no doubt driving Sirius Stock volume. On Jan. SIRI traded 17, 55,532,880 shares.
In 2009, Liberty Media bailed out Sirius XM from going bankrupt with a $530 million loan. Since then, Sirius XM has built a subscriber base 25.6 million strong with a myriad of paid-radio choices including classical, rock, alternative, country, sports and live concerts, with Stern serving as the company’s platinum anchor. Having new cars equipped with XM receivers has also boosted the company’s popularity and acceptability. However, Sirius XM still faces brutal competition from such digital radio competitors as Pandora Media Inc., AOLRadio and Apple Inc.
Its share price closed at $3.72, up 5 cents from its closing price of $ 3.67 the previous day.
Find out what could be the best investor’s move when it comes to SIRI by getting the complete report here, or by cutting and pasting the following link in your Web browser:
Game company makes game-changing moves
San Francisco-based online game maker Zynga Inc. (NASDAQ:ZNGA) share volume continues to soar with 19,433,956 shares changing hands by market close Jan. 17.
Despite Zynga chalking up substantial sales in 2013 with such popular games as Zynga Poker, Farmville, and Farmville 2 still topping social-gaming charts, its quarterly revenue fell by about 30% in 2013 due to stiff completion. As a result, Zynga reported it lost 39% of its active users during its second quarter of 2013 compared with the previous year, bringing its total subscribers down to about 187 million.
Since then, Zynga made some game-changing moves. They included the recruiting and hiring of its new battle-tested CEO Don Mattrick, who served key roles at Microsoft Corp. (NASDAQ:MSFT) and Electronics Arts Inc. (NASDAQ:EA). In addition, Zynga slashed its workforce by 18% by laying off 520 workers as part of cutting $80 million dollars from its budget. Zynga is also developing new role-playing games, which it believes have a longer life than social games. So far, it’s introduced the role-playing game Battlezone. In addition, Zynga is making a foray into online gambling games by introducing ZyngaPlusCasino and ZyngaPlusPoker in the United Kingdom.
On Friday, 55,532,880 shares of ZNGA changed hands. Its share price closed at $3.55, up 1 cent higher than its closing price of $3.54 the previous day.
Find out what could be the best investor’s move when it comes to GGP by getting the complete report here, or by cutting and pasting the following link in your Web browser:
The slew of class-action lawsuits being filed against semi-conductor maker Advanced Micro Devices Inc. (NYSE:AMD) regarding alleged misrepresentations about its Advanced Micro Devices with the product name “Llano,” is helping to drive its voluminous stock sales.
For example, 45,888,892 AMD shares changed hands by the close of the market Jan. 17, far greater than its average 3-month volume of 24,737,702 shares. AMD’s share price fell to $4.18, down 20 cents from its closing price of $4.38 the previous day.
Find out what could be the best investor’s move when it comes to AMD by getting the complete report here, or by cutting and pasting the following link in your Web browser:
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