182.30 -0.36 (-0.20%)
After hours: 7:42PM EDT
Here are three profitable stocks in a growing market, and a few reasons why investors should keep an eye on them.
Tencent (OTC: TCEHY) and Take-Two Interactive (NASDAQ: TTWO) represent two very different ways to invest in video games. Tencent, one of China's top tech companies, is the world's largest video game publisher. Its sprawling portfolio includes Honor of Kings, PUBG Mobile, League of Legends, and Clash of Clans; nearly half of Fortnite publisher Epic Games; and big stakes in Activision Blizzard, Ubisoft, and other companies.
Take-Two Interactive (NASDAQ: TTWO) has a new asset in its portfolio. The company's 2K publishing label announced Tuesday that it acquired the video game unit of privately held HookBang. The team members that are joining 2K/Take-Two will be rebranded as Visual Concepts Austin, and be part of the similarly named Visual Concept.