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Square Enix Shares Jumped On Buyout Rumors, But The Company Says It’s Not Happening

Square Enix Shares Jumped On Buyout Rumors, But The Company Says It’s Not Happening https://ift.tt/C5y4Dpa Following a report that Square Enix was potentially exploring going private, the company behind hit franchises like Final Fantasy has released a statement denying the claims. Japanese business magazine Sentaku originally reported that Square Enix was exploring this possibility and that foreign investment funds were rumored to be interested in a deal, which saw Square Enix's stock rise by 7%. "The September issue of the monthly magazine Sentaku carried a report regarding the possibility of Square Enix. (the Company) going private," Square Enix wrote in a press release. "However, this information was not announced by the Company. No consideration is currently being given within the Company to taking the Company private." Even if Square Enix were to change its mind, buying back all shares wouldn't be cheap. Depending on daily stock fluctuations ...
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Madame Web Box Office: How Did The Movie Do In Its First Weekend?

Madame Web Box Office: How Did The Movie Do In Its First Weekend? https://ift.tt/XMSgmIj

The Spider Man spin-off movie Madame Web from Sony Pictures opened on Valentine's Day, and the early box office results were not great. However, the movie is doing slightly better than some expected, bringing in $52 million worldwide for its opening period.

This was an abnormal opening period, as the film opened on Wednesday, February 14, and these numbers cover a six-day period spanning through Monday, February 19 for the Presidents' Day holiday. The movie earned $26 million over six days in the US and, as mentioned, $52 million worldwide over that time span.

The movie was estimated to have cost $80 million to produce (prior to marketing expenses), which means it has not yet broken even. However, Deadline reported that, due to the solid box office results so far, the movie will not "suffer as much as originally feared."

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