Take-Two, Electronic Arts, Chegg and more

Here’s a look at some of the companies making headlines after the bell.

Take-Two Interactive – Video game stock slipped 3% in extended trading even after the company reported higher-than-expected revenues for its fiscal third quarter. Take-Two posted revenue of $ 814 million for the period, while analysts polled by Refinitiv expected revenue of $ 747 million. Take-Two’s earnings per share did not compare to Wall Street estimates.

Electronic Arts – The video game giant announced Monday that it will acquire mobile game developer Glu Mobile for $ 2.1 billion, or $ 12.50 per share in cash. This price represents a 36% premium over Glu’s closing Friday price of $ 9.19 per share. EA shares rose more than 1% on the news. Glu’s shares were halted after trading hours before jumping to the offer price. “Mobile continues to grow as the world’s largest gaming platform, and with the addition of Glu’s games and talent, we are doubling the size of our mobile business,” wrote Andrew Wilson, CEO of Electronic Arts, in a statement. The deal is expected to close in the second quarter of 2021.

Chegg-Chegg stock rose 4.6% on stronger-than-expected fourth quarter results from the education company. Chegg earned 55 adjusted cents per share on $ 205.7 million in revenue. Analysts polled by Refinitiv were looking for 49 cents per share and $ 189.6 million in revenue.

Cleveland-Cliffs – Steel stock lost 3% of its extended trading after the company announced it had a secondary stock offering of 60 million shares. The offer includes 20 million shares of the company and 40 million shares of the shareholder ArcelorMittal.

– CNBC’s Rich Mendez contributed to this story.