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Nazara Technologies' stock surged despite a weak Q2 performance, driven by strategic acquisitions aimed at boosting revenue and margins. The company, focusing on esports and skill-based gaming, has seen promoter and institutional investor holdings decrease. Analysts remain optimistic about Nazara's growth prospects, citing potential profitability improvements from recent acquisitions.
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Comcast will spin off many of NBCUniversals cable television networks, including USA Network, CNBC and MSNBC, into a separate public company.
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The move is part of a wider restructuring programme, which will see 4,000 posts closed across Europe.
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News and Media
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