Electronic Arts' hostile takeover attempt for Take-Two Interactive continued Friday with EA's announcement that it has amended its offer for the fellow gaming publishers' investors. Included in EA's amendments to its bid is an extension of the tender offer deadline from April 11 to April 18. The cha...
A little less than two weeks after Electronic Arts offered Take-Two Interactive stockholders $2 billion in a hostile takeover bid, Take-Two's board unanimously urged shareholders to reject the unsolicited proposal Wednesday morning. Take-Two's board said the $26 per share price is "inadequate" and "...
In the midst of its hostile takeover bid for a rival company, video game firm Electronic Arts is losing one of its key executives. EA's chief financial officer, Warren Jenson, is leaving the company and will be replaced shortly, the company said. He has been with EA for six years. The announcement c...
Electronic Arts has issued a hostile $2 billion tender offer for rival video game firm Take-Two Interactive Software. The offer represents a 64 percent premium over Take-Two's closing stock price on Feb. 15, the last day of trading before EA issued a revised proposal to the New York-based company. T...
TiVo and Google have struck a deal that will enable the digital video recorder maker's users to watch Web-based YouTube videos on their television sets. The service will be available later this year to consumers who own its Series 3 devices connected to the Internet through a broadband link, TiVo sa...
In a bid to retain its leadership in the gaming space amid growing competition, Electronic Arts has launched a $2 billion takeover bid against rival Take-Two Interactive, an offer quickly rejected by the smaller company as "inadequate." EA offered $26 per share in cash for Take-Two, a price that rep...
EA will launch a free Web-based online battlefield game, the first barrage of what may become an advertising-supported blitz which could help change the economics of the game-publishing industry. EA's "Battlefield Heroes" will be a free-to-download and free-to-play multi-player personal computer gam...
French media giant Vivendi will buy a sizable stake in video game publisher Activision and merge the company with its own successful gaming unit, creating a game-development powerhouse. The deal will produce a new company, known as "Activision Blizzard," that will have $3.8 billion in combined reven...
September was a very good month for the console game industry, which recorded $1.36 billion in total sales in the U.S. for both video game hardware and software, according to the NPD Group. The big winner for the month was Microsoft's Xbox 360 exclusive, "Halo 3," which sold 3.3 million units. The t...
Electronic Arts will pay more than $800 million to buy two video game studios from the private equity firm that purchased them two years ago. EA, the largest publisher of video games worldwide, will acquire VG Holding from Elevation Partners. VG consists of BioWare and Pandemic Studios, each of whic...
John Schappert, who helped create and grow the "Madden NFL" franchise of video games, has taken a position with Microsoft's Live interactive entertainment division. Schappert moves to Microsoft from Electronic Arts, following in the footsteps of his former boss at EA, Don Mattrick, who will now be h...
A California state law prohibiting the sale of violent video games to minors was declared unconstitutional Monday by a U.S. District Judge Ronald Whyte on the grounds that it violates the First Amendment. The law, which was signed by Gov. Arnold Schwarzenegger in 2005 but had not yet been implemente...
Electronic Arts, going wide and deep with in-game advertising, announced Wednesday that it will use Microsoft's Massive in-game advertising division to put ads in its sports titles. The titles include the Xbox 360 and/or PC versions of the biggest sports video games coming in the fall, including "Ma...
Reacting to changes in Internet browsing fostered by Web 2.0 applications, Internet market research company Nielsen//NetRatings is adding to its toolbox two new ways of measuring Web site use. The company's NetView syndicated Internet audience measurement service will now include "Total Minutes" and...
Joost, the video-on-demand site boasting the world's first broadcast-quality Internet television service, hung out its open sign Tuesday with the announcement of its commercial launch. The site also entered the final beta stage, allowing beta testers to issue an unlimited number of invitations to fr...
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