Shares of Yahoo! Inc. (NASDAQ:YHOO) ended Monday session in red amid volatile trading. The shares closed down -0.48 points or -1.10% at $43.19 with 7.89 million shares getting traded. Post opening the session at $43.92, the shares hit an intraday low of $43.00 and an intraday high of $43.95 and the price vacillated in this range throughout the day. The company has a market cap of $40.81 billion and the numbers of outstanding shares have been calculated to be 951.78 million shares.
Yahoo! Inc. (YHOO) on August 26, 2016 announced that Yahoo Esports is entering into a two year agreement with ESL, the world’s largest esports company, to bring esports to mainstream audiences via distribution across Yahoo’s properties. Additionally, Yahoo Esports and ESL will collaborate on the development of new tournaments to be covered and distributed by Yahoo, with new exciting integrated sponsorship opportunities for advertisers.
As part of the agreement, Yahoo Esports and ESL will work together to distribute Yahoo’s unique storytelling and in-depth coverage of ESL’s major events, including the ESL One and IEM global competitive series. Yahoo Esports will live stream ESL produced tournaments in HD quality throughout the world and promote content globally to esports fans across Yahoo properties. To help brands be part of this action, Yahoo Esports is offering advertisers integrated content sponsorship opportunities within both its esports coverage and new tournament offerings.
“Our Yahoo Esports team is extremely excited to be partnering with ESL to bring greater coverage of its leading esports events, as well as innovate in new competitive formats and content offerings that we are sure will excite both fans and advertisers alike,” said Zachary John, VP of Yahoo Video and Esports. “Yahoo’s unique storytelling, highly talented editorial staff and global scale are a great combination with ESL’s experience and leadership in the space.”
Shares of Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM) ended Monday session in green amid volatile trading. The shares closed up +1.02 points or 3.53% at $29.93 with 7.70 million shares getting traded. Post opening the session at $29.91, the shares hit an intraday low of $29.87 and an intraday high of $30.12 and the price vacillated in this range throughout the day. The company has a market cap of $144.96 billion and the numbers of outstanding shares have been calculated to be 25.93 billion shares.
Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (TSM) engages in the computer-aided design, manufacture, packaging, testing, sale, and marketing of integrated circuits, color filters, and other semiconductor devices. The company is also involved in manufacturing masks; and wholesaling and retailing electronic materials. In addition, it provides marketing and engineering support services; and customer service and technical support services, as well as sells electronic parts and solar related products. The company operates in Taiwan, the United States, Asia, Europe, the Middle East, Africa, and internationally. Taiwan Semiconductor Manufacturing Company Limited was founded in 1987 and is headquartered in Hsinchu, Taiwan.