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Saturday 4 July 2015
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Pre-Market News Buzz on: Electronic Arts (NASDAQ:EA), NXP Semiconductors (NASDAQ:NXPI), King Digital Entertainment (NYSE:KING), KKR & Co (NYSE:KKR)

On Thursday, Electronic Arts Inc (NASDAQ:EA)’s shares declined -0.29% to $67.80.

Electronic Arts Inc. (EA), the National Hockey League (NHL®) and the National Hockey League Players’ Association (NHLPA) declared recently during the 2015 NHL Awards™ that three-time Stanley Cup® Champions Jonathan Toews and Patrick Kane from the Chicago Blackhawks® will both appear on the cover of EA SPORTS™ NHL® 16. This marks the first time in franchise history that the cover has featured two teammates in addition to the Stanley Cup trophy. Kane and Toews are also the only athletes to appear on an EA SPORTS™ NHL cover twice. The duo spotlight embodies the spirit of NHL 16, where you’ll play together and win together.

Electronic Arts Inc. develops, markets, publishes, and distributes game software content and online services for video game consoles, Internet-connected consoles, personal computers, mobile phones, and tablets worldwide. The company operates through EA Studios, EA Mobile, and Maxis divisions. It develops and publishes digital interactive entertainment games primarily under the The Sims, Madden NFL, EA SPORTS FIFA, Battlefield, FIFA Soccer, Need for Speed, Dragon Age, and Plants vs. Zombies brand names.

NXP Semiconductors NV (NASDAQ:NXPI)’s shares gained 0.50% to $98.12.

NXP Semiconductors NV (NXPI) held an Extraordinary General Meeting of Shareholders (Special Meeting) and Freescale Semiconductor (FSL) held a Special General Meeting on NXP’s acquisition of Freescale. Both NXP’s Special Meeting and Freescale’s Special General Meeting approved the merger proposal with over 99% of the votes cast in favor of the merger. The NXP Special Meeting also designated Gregory L. Summe and Peter Smitham as non-executive directors of NXP, effective as of the closing of the merger.

Completion of the merger remains subject to obtaining antitrust and other regulatory approvals in certain jurisdictions, and other customary closing conditions. NXP and Freescale continue to expect the merger to close in the second half of calendar year 2015.

NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal and standard product solutions for radio frequency (RF), analog, power administration, interface, security, and digital processing products worldwide. It provides in-vehicle networking, car passive keyless entry and immobilization, and car radio and audio amplifiers; car solid state lighting drivers; communication products that are related to assisted and autonomous driving; ICs for e-government, transportation, and access administration; RF power amplifiers, small signal RF discretes, and RF ICs for mobile, consumer electronics, and cable television infrastructure; AC-DC power conversion ICs for notebook personal computers; low power audio ICs; and microcontrollers.

At the end of Thursday’s trade, King Digital Entertainment PLC (NYSE:KING)‘s shares surged 1.67% to $14.33.

King Digital Entertainment PLC (KING) declared the launch of its first word-based ‘Saga’ game, AlphaBetty Saga. Now accessible to download for free from the AppStore and Google Play, this new game challenges players to take an exciting journey into the world of words, accompanied by an adventurous band of mice.

AlphaBetty Saga sets players off on a bold new quest as Betty, a young mouse living in the 1930s, follows her grandfather, Professor Alpha, and his loyal assistant, Barney, to discover lost words to complete the “Encyclopedia of Everything”. As the world’s authority on collecting words, Professor Alpha will call on players to assist him complete the legendary book.

This vibrant word-based game uses non-linear gameplay to enhance creative word play and planned opportunities for players as they are tasked with connecting adjacent letters to create words, score points and ultimately advance through a world very much like our own except for one small detail – it’s inhabited by mice and much of it is made of cheese!

King Digital Entertainment plc, an interactive entertainment company, produces and distributes digital games on multiple platforms in the United States, the United Kingdom, Germany, and internationally. The company primarily provides Candy Crush Saga, Candy Crush Soda Saga, Farm Heroes Saga, Pet Rescue Saga, and Bubble Witch 2 Saga games.

KKR & Co. L.P. (NYSE:KKR), ended its Thursday’s trading session with 1.04% gain, and closed at $23.27.

KKR & Co. L.P. (KKR), Credit, part of KKR & Co. L.P. a leading global investment firm, recently declared the launch of a pan-European platform that aims to support banks in managing their exposures to non-core and under-performing assets by improving the performance and value of the businesses which underpin the exposure.

The platform is intended to provide long-term capital and operational expertise to businesses to assist them stabilise and grow, creating value for all stakeholders. The platform will be structured so that the participating banks share in the upside of the recovery in performance of the businesses and the value of the related assets on the banks’ balance sheet.

There are €1.9 trillion of non-performing and non-core assets, counting €1.2 trillion of non-performing loans, sitting on the balance sheets of European banks. These assets are capital intensive and are ultimately restraining the growth of the banks, companies and economies in which they both operate. KKR Credit’s solution is directed toward assisting to unlock bank lending and rebuild companies, supporting local and national economies in turn.

KKR & Co. L.P. is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, administration buyouts, credit special situations, growth equity, mature, mezzanine, distressed, and middle market investments.

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