Shares of technology companies rose amid deal activity and as traders rotated back into sectors that had taken the biggest hit in the January selloff.
Citrix Systems will be taken private in an all-cash acquisition by Vista Equity Partners and Elliott Investment Management valued at $16.5 billion, including the assumption of debt.
Sony Interactive Entertainment said it is buying videogame developer Bungie, the studio that created the Halo and Destiny franchises, in a deal valued at $3.6 billion. The deal follows a major deal struck by Sony rival Microsoft which said in mid-January that it is buying videogame company Activision Blizzard in an all-cash deal valued at roughly $75 billion.
Social media concern Pinterest is introducing a new augmented reality tool for home furniture, allowing consumers to see how the items would look in their homes via the company's mobile app.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
01-31-22 1723ET
