This is a developing story.
Sega Sammy had a decent quarter, driven by the success of Sonic the Hedgehog movie and Sonic X Shadow Generations back-catalogue sales, despite expected challenges in pachinko. The cancellation of Football Manager 2025 and a thin pipeline deprive Sega Sammy of catalysts right now. The Yakuza spinoff just released can't trounce last year's Infinite Wealth coming Q4. We like strategic moves like entering the US slot machine market to counteract pachinko decline, supported by acquisitions like GAN Ltd. and Stakelogic.
REED SOCIETE GENERALE GROUP INVESTS €10 MILLION IN LOOP VIA A CONVERTIBLE PREFERRED SECURITY AT A $4.75 CONVERSION PRICE. LOOP COMPLETES ITS INAUGURAL SALE OF AN INFINITE LOOP™ TECHNOLOGY LICENSE, GENERATING AN UPFRONT PAYMENT OF €10 MILLION.
JPMorgan Chase (JPM) reportedly has begun suing customers who allegedly acted on an "infinite free money glitch" seen on social media and stole thousands of dollars from the bank's ATMs.