Hercules Capital Acquires JumpStart Games

Hercules Capital Acquires JumpStart Games

Hercules Capital, a specialty finance company, said it has acquired JumpStart Games from China-based NetDragon Websoft Holdings. Hercules said it committed $14.6 million in venture debt financing to JumpStart in March 2014. As of March 31, the JumpStart investment was on non-accrual status with a value of $3.1 million. Hercules is scheduled to receive quarterly interest payments through June 30 and will have the potential to receive principal repayment of […]

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Tivo Renews Intellectual Property License with Foxtel

Tivo Renews Intellectual Property License with Foxtel

TiVo, a provider of entertainment technology, said pre-market Monday that Foxtel, an Australian pay-TV platform, has signed a multi-year intellectual property (IP) license renewal. This agreement offers Foxtel ongoing access to TiVo’s industry-leading entertainment discovery patent portfolios. “Our relationship with Foxtel demonstrates how pay-TV providers around the world use TiVo’s intellectual property to reach consumers in more innovative ways,” said Samir Armaly, a TiVo unit executive said in a statement. […]

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International Speedway Misses Projections On Q2 EPS And Revenues

International Speedway Misses Projections On Q2 EPS And Revenues

International Speedway reported fiscal Q2 adjusted EPS of $0.30, up from $0.29 in the same period a year ago and missing the estimate of $0.32 from analysts polled by CapIQ. For the quarter ended May 31 total revenues of $165.3 million were down from $167.6 million in the same period a year ago and fell short of the Street projection of $166.8 million. The company reiterated full year guidance and […]

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New York Community Bancorp Sells Mortgage Banking Business

New York Community Bancorp Sells Mortgage Banking Business

New York Community Bancorp said pre-market Tuesday it has entered into an agreement to sell its mortgage banking business, which was acquired as part of its 2009 FDIC-assisted acquisition of AmTrust Bank, to residential mortgage provider, Freedom Mortgage. Freedom will acquire both New York Community’s origination and servicing platforms, as well as its mortgage servicing rights portfolio with a current aggregate unpaid principal balance of $21.0 billion. It is expected […]

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Zimmer Biomet Holdings Price Target Raised by RBC

Zimmer Biomet Holdings Price Target Raised by RBC

Zimmer Biomet Holdings received a price-target increase Wednesday from RBC Capital Markets, a week after the maker of orthopedic reconstructive products said it received from the Food & Drug Administration a successful clearance of a warning letter related to its Zhejiang, China manufacturing facility. The new price target from RBC is $140 per share, up from $133. The stock closed Tuesday at $127.22, up 1.8% from where it closed before […]

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