MCV/DEVELOP News, events, research and jobs from the games industry
Activision’s proposed buyout from current owner Vivendi has been blocked following a lawsuit filed in a Delaware court. The publisher confirmed that the Hayes v. Activision Blizzard case is halting the closing of the transaction unless the injunction is modified on appeal or the transaction is approved by a stockholder …
Read More »Zynga closes OMGPOP website, shuns attempted team buyout
The creator of hit mobile game Draw Something is dead following Zynga’s decision to axe the OMGPOP website. OMGPOP.com will close on September 30th to make way for new and exciting gaming opportunities”, according to Zynga. Both Draw Something games and Draw My Thing will remain active but titles such …
Read More »Activision goes independent from Vivendi
Public is majority shareholder after $8.2bn stock buyout
Read More »Report: Mattrick planned Zynga buyout
Zynga's new CEO tried to buy the social game company while at Microsoft
Read More »Report: 2012 sees record numbers for mergers and acquisitions
The video games industry saw record consolidation in 2012, with total spending on buyouts and mergers hitting $4.2bn. Games Industry reports on research from investment bank Digi-Capital that took a closer look at last year’s acquisitions. While there were 26 per cent fewer deals during the period versus 2011, a …
Read More »HMV buyout nears as shops remove ‘closing down’ signs
Having seen fellow struggler Blockbuster rescued over the weekend, hopes are high that HMV will have similar good news very soon. A number of HMV stores – including Stockport, Manchester Market Street and Argyle Street according to tweets at the weekend – have been instructed to remove their ‘closing down …
Read More »Ziff Davis linked to IGN acquisition
Rumours suggest that Ziff Davis is on the brink of an acquisition of IGN. Bloomberg reckons IGN owner News International is willing to accept a figure below $100m for the company. As well as its gaming, movie and TV operations, IGN also owns Gamespy.com and Askmen.com. The move comes as …
Read More »Nexon and NCsoft in Valve buyout talks – report
Valve, the company that does not want to be sold, is being linked to another buyout. This time the allegations say that two of Korea’s gaming powerhouses, NCsoft and Nexon, are in active talks to acquire the Half-Life developer and PC gaming powerhouse. The reports stem from Joonang News, which …
Read More »EA and Valve held talks over possible $1bn buyout, report claims
Talks about the proposed buyout of Valve at the hands of EA HAVE taken place, a new report claims. Although it sounds as if the possibility of such a sale remains incredibly slim. The New York Times reports that Valve has been pursued over the years by Electronic Arts, which …
Read More »Tesco acquires streaming music service
Supermarket giant Tesco has acquired a 91 per cent stake in Milton Keynes based streaming music service We7. Music Week reports that the deal is worth 10.8m, and that Tesco plans to buy the remainder of the company’s shares in the coming weeks”. The site, which changed from an on-demand …
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