MCV/DEVELOP News, events, research and jobs from the games industry
The future of GAME’s Norwegian and Swedish stores has been saved following its acquisition at the hands of Nordic Games Holding. The deal secures the future of GAME’s 44 Swedish stores and 11 Norwegian outlets, as well as the associated online shops in both regions. 270 jobs have been saved …
Read More »Nexon rumoured to have launched EA takeover bid
EA shares has enjoyed a sharp jump on rumours that South Korean gaming giant Nexon has made a bid for the publisher. Both Forbes and Bloomberg are carrying the rumour, which originated from a South Korean newspaper. As a result of the chatter EA shares surged by over eight per …
Read More »GAME is saved as deal is agreed
A deal has been agreed that has tonight seen GAME exit administration, MCV believes. Former front-runner turned write-off OpCapita has in a surprise development emerged as the victor, with its re-jigged offer for the trimmed-down GAME offsetting the doubts that saw its original approach shunned by lenders. OpCapita has reportedly …
Read More »CONFIRMED: OpCapita tables GAME buyout offer
The future of retailer GAME could be on the verge of being secured. The Times reports that Comet owner OpCapita has offered to buy out the GAME Group’s lenders, including the complete repayment of all of the chain’s suppliers. This has since been confirmed to MCV. This is particularly good …
Read More »D-Day looms for GAME
MCV has learnt that senior members of the GAME management teams have been told to brace for the possibility of administration. Senior staff were told at a meeting with CEO Ian Shepherd earlier this week that the chain has approximately two weeks to turn its fortunes around. However, hope remains …
Read More »Sony buys out Ericsson to take control of mobile business
Electronics giant Sony has completed its full takeover of Sony Ericsson by buying out its Swedish partner for €1.05bn. The deal has been rumoured for months and signals the renewed vigour with which Sony is approaching the connectivity business these days. After years in the doldrums, the giant Japanese firm …
Read More »Sony linked to Ericsson buyout
An online report suggests that Sony could be on the verge of an aggressive move into the mobile phone market by buying out partner Ericsson from their joint mobile business. The Wall Street Journal reports that the move will cost Sony between $1.3bn and $1.7bn. Sony Ericsson has been a …
Read More »Fourth acquisition in 18 months for Bigpoint
Online games provider Bigpoint has today acquired console sports entertainment studio 49Games. Over 40 full-time employees will now become part of the publishing giant’s international team and will be developing online games instead of console titles. Current projects at 49Games will be completed before the switch, Bigpoint has said.Rights to …
Read More »PopCap rep withdraws EA denial
"Sorry, I might not have been clear. I was simply stating that@TechCrunch‘s article is not true." That claim was this morning made by PopCap’s community rep Jennifer Kye, according the Venturebeat. Shortly afterwards the tweet was deleted. While it may simply be a case of PopCap ensuring that employees stick …
Read More »Kotick in line for MySpace buyout
Activision Blizzard CEO Bobby Kotick is considering purchasing a controlling stake of the struggling social network MySpace, according to reports. Kotick had been approached by an unknown investment group about buying News Corp’s online network, which has lost considerable ground to Facebook. Three insiders, speaking to Reuters, say Kotick has …
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