MCV/DEVELOP News, events, research and jobs from the games industry

CEO of Electronic Arts John Riccitiello has cautioned Take Two’s Board against trying to dissuade its stakeholders from accepting EA’s ‘hostile’ offer for the firm – warning that the move could have a devastating effect on the publisher’s shares. Take Two yesterday urged its shareholders to ‘take no action’ over …

Multiple retailers are offering Xbox 360 bundle deals to coincide with the today’s price drop. Several of these offers are promoted in today’s Metro newspaper, which includes deals from Zavvi, Argos and Blockbuster. Zavvi is offering an Xbox 360 Pro, with copies of Assassin’s Creed, Lost Odyssey and Halo 3, …

Electronic Arts CEO John Riccitiello has said that Rockstar is the publisher’s primary interest” in its bid to acquire Take Two. EA’s buyout of Take Two became a much stronger possibility yesterday – as the US mega-publisher went ‘hostile’ by approaching individual shareholders with a tender offer of $26 per …

US sales body NPD has released its figures for games industry sales in February in North America, and they show a massive 47 per cent increase in software sales and 19 per cent hike in hardware sales – with total national sales hitting a massive $1.33 billion. Breaking that number …

Chance to add more "great developers" to EA stable has spurred Take 2 takeover attempt says CEO

WiiWare â?? with its accessible, low-cost, connected environment - has convinced all kinds of talent to make games for the platform. In the final of our WiiWare Week features, we talk to D2C founder Scott Orr, also the creator of EA's Madden franchise, about his launch game Spogs Racingâ?¦

SCE boss takes charge of Sony's entire online games business

President of Sony Computer Entertainment Kaz Hirai has taken charge of the company’s online business – separate to its PlayStation division – as part of a company restructuring that will sees the platform holder aggressively pursue the online gaming market. Current president of Sony Online entertainment John Smedley will report …

Take Two’s Board of directors has recommended that its stockholders ‘take no action at this time’ in response to EA’s new $2 billion tender offer. EA announced this morning that it has made an unsolicited conditional tender offer to acquire all of Take-Two’s outstanding shares of common stock for $26 …

Sony is set to buy 2Waytraffic, the independent production company that owns the rights to Who Wants to Be a Millionaire. According to BrandRepublic, the deal is valued at 137.5 million. 2Waytraffic was set up in 2004 by former Endemol executives. The firm snapped up the rights to Who Wants …