MCV/DEVELOP News, events, research and jobs from the games industry
Social games giant GREE has been named as the co-sponsor of Japan’s bid to host the 2020 Olympics in Tokyo. It will share sponsorship duties with Yahoo Japan. The drive will begin on December 26th with the first advertising hitting newspapers and public transport. GREE CEO Yoshikazu Tanaka has also …
Read More »RBS GAME bid gathers press momentum as store closures loom
Two more national newspapers have reported that The Royal Bank of Scotland is leading a consortium of bidders interested in acquiring The GAME Group. Yesterday MCV reported that a Sunday Times story claiming that the state-owned bank was interested in saving GAME from collapse. This morning The Telegraph reports that …
Read More »French connection slowing GameStop GAME bid, say execs
Senior industry sources say GameStop has found another reason not to make an offer for GAME: France. Three weeks ago we reported on industry speculation that claimed GameStop would ideally like to buy GAME assets that would give it a foothold in the British and Iberian markets, but doesn’t want …
Read More »OpCapita takeover of GAME all but ruled out
A source close to Comet owner OpCapita has revealed to MCV that a deal to takeover GAME is now very unlikely. GAME this morning filed for administration and is understood to be preparing to re-launch in a slimmed-down guise under an amended management team. That’s despite the fact that OpCapita …
Read More »Disney proposes full UTV takeover
India’s UTV Software could soon be fully owned by Disney, if a major acquisition bid is agreed. The Walt Disney Company already owns 50.4 per cent of Ignition’s parent, UTV Software, and today is willing to part with $454 million to own the company in full. Much of the driving …
Read More »eBay preparing Amazon rival?
eBay is to buy e-commerce solutions and services provider GSI Commerce for $2.4bn (1.5bn). The deal is expected to close in the third quarter of this year, and will give eBay access to GSI’s comprehensive portfolio of e-commerce solutions and digital marketing tools. The move is expected to provide growth …
Read More »Take-Two ‘would accept Acti bid’
One US analyst has predicted that publisher Take-Two would accept a takeover bid of around $20-$22 per share from rival company Activision. MCV exclusively revealed last Friday that there’s increasing noise about a possible move amongst some of the industry’s highest level execs. And now speaking on Twitter, US analyst …
Read More »Square Enix officially withdraws Tecmo bid
Following the news yesterday that Tecmo had not only rejected Square Enix’s takeover offer , but subsequently gone on to announce its intention to merge with former rival Koei , the Final Fantasy developer has officially withdrawn its offer from the table. Square Enix had stated from the off that …
Read More »Tecmo rejects Square Enix takeover
Tecmo has released a statement claiming that it has rejected Square Enix’s bid to take over the firm. The statement, translated by Kotaku, reads: For Tecmo, this proposal was received in a short span of time, but within the company we collected opinions from management and game creators as well …
Read More »Microsoft to buy Logitech?
Speculation regarding a Microsoft takeover of Swiss-based peripherals firm Logitech has grown amongst traders, as the industry spanning giant increased its shares in the company to 12 per cent. According to Reuters , rumors are circulating that Microsoft will launch a takeover bid for Logitech at 48 Franks per share, …
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