Ubisoft snaps up Tom Clancy IP for 60m

Ubisoft will no longer have to pay royalties to Tom Clancy after the new deal goes through, with Wedbush Morgan analyst Michael Pachter estimating that Ubisoft will pay around €60 million over three years. Post acquisition, Ubisoft expects to have a net cash position of around €130m by the end …

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All that glittersâ?¦

Decemberâ??s EU decision to allow the French tax break for eligible games production appears, on the surface, to be a victory for a government trying to protect its games development industry from the threat of globalisation.

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EA to publish GTA IV?

The industry’s most respected financial analysts have been discussing EA’s ‘hostile’ tender offer for Take Two – with some saying that it could happen quickly enough for Grand Theft Auto IV and Manhunt 2 to have EA’s name on their box. The group also deliberated the timescale of the deal …

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Midway CEO David Zucker resigns

CEO of Midway David Zucker has resigned from the publisher. The company is now searching for a new leader to improve its market performance. Senior VP of worldwide studios Matthew Booty will take up the CEO role in the interim. "The board is confident that a new CEO will be …

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ANALYST REACTION: EAs bid gets hostile

Do you think that Take Two’s shareholders will accept EA’s new direct/hostile bid of $26-per-share? Why? Michael Pachter, Wedbush Morgan I do think the bid will be accepted, but think TTWO management will come back next week and offer a friendly deal for more money (probably $1). Over half of …

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