Take-Two (TTWO) is in discussions to sell its adtech unit Chartboost in an effort to streamline its focus on premium or “AAA” gaming, Business Insider’s Lara O’Reilly reports, citing multiple people familiar with the process. Adtech firms AppLovin (APP) and LoopMe have emerged as potential suitors for the assets, the author says, noting that Chartboost’s acquisitions talks are not finalized and could still fall apart.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TTWO:
- Game On: U.S. video game spending fell 6% y/y in September, says Circana
- U.S. video game spending fell 6% year-over-year in September, says Circana
- Netflix’s (NFLX) Gaming Ambitions Stumble on Closure of Team Blue Studio
- Game On: Judge grants Google temporary stay on Android store changes
- Take-Two price target lowered to $195 from $200 at JPMorgan