At a special meeting, a substantial majority of shareholders of Verizon Communications Inc. (NYSE:VZ) approved the company’s issuance of up to 1.28 billion shares of common stock to Vodafone shareholders to complete the acquisition of Vodafone Group PLC’s indirect 45 percent interest in Verizon Wireless. Verizon Communications Inc. (NYSE:VZ) stock opened at $47.10 in last session, and closed at $48.02, while the day range of VZ stock is $47.02 – $48.50. The stock showed a positive weekly performance of 0.82%.
UBS AG restated their buy rating on shares of Vodafone Group plc (ADR) (NASDAQ:VOD) in a report released on Thursday. Vodafone Group Plc (ADR) (NASDAQ:VOD) stock opened at $36.61, in last session and closed at $37.06, by losing -0.46%. The 52 week range of VOD is $24.42 – $39.44. Company’s market capitalization is $179.60billion.
Baidu Inc (ADR) (NASDAQ:BIDU)’s tactics to catch up to rivals include buying other businesses like the $1.9 billion purchase of 91 Wireless app store and the group-buying site Nuomi – think GroupOn Inc (GRPN.O) – which Baidu fully acquired last week after securing a 59 percent stake last August. Baidu Inc (ADR) (NASDAQ:BIDU) stock decreased -2.68% and finished the last session at $156.50. The EPS of the stock remained 4.96. Company’s market capitalization is $54.72billion.
Renren Games, a subsidiary of Renren Inc. (NYSE: RENN), has unveiled NBA Rush, the first NBA endless runner mobile game. Renren Inc (NYSE:RENN) stock opened the session at $3.18, and closed the session at $3.21. The 52 week range of the RENN stock remained $2.52 – $4.62 and the day range was $3.16 – $3.23.