MCV/DEVELOP News, events, research and jobs from the games industry
EA’s UK VP and general manager Keith Ramsdale has revealed his disappointment over the Byron Review’s scaling back of PEGI’s powers – and vowed to convince the Government of the body’s importance. With the Review published and backed by PM Gordon Brown, the Government now moves into a period of …
Read More »EA expected to up Take Two bid
Shortly before Take Two clarified its stance concerning EA’s proposed takeover, Goldman Sachs analyst Mark Wienkes stated that he believes EA will up its $26 per share offer for its publishing rival. He also upped his recommendation of EA’s shares, stating that he believes they will soon be on the …
Read More »Take Two to consider strategic business combination
In a new official response to the recent approach for the firm by rival EA, Take Two has said that it is prepared to consider entering into discussions with third parties about a possible business combination” – but not until after Grand Theft Auto IV is released next month . …
Read More »EAs CFO Jenson resigns
Electronic Arts CFO Warren Jenson is to leave the publisher. Jenson has served in the position for six years. He will stay with the firm to assist with its fiscal year-end close and financial reporting process – and ensure a smooth transition for his successor. "I want to thank Warren …
Read More »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 …
Read More »EA’s Take Two bid the most hostile in history
Leading financial observers are agreed: the video games industry has never seen an M&A move anywhere near as aggressive as Electronic Arts’ hostile bid for Take Two. The fascinating story of EA CEO John Riccitiello’s one man mission to secure the acquisition took a further turn this week, as it …
Read More »EA is Rockstars white knight, says Riccitiello
EA chief executive John Riccitiello has said that his employer can be Rockstar’s ‘white knight’ – suggesting that only a successful acquisition of Take Two can give the developer a secure future. However, leading analysts have condemned the statement, with Janco Partners’ Mike Hickey telling GameDaily.biz: My belief is Rockstar …
Read More »New EA Sports IP inbound
Speaking on his brand new blog , EA Sports boss and former Xbox head Peter Moore has said that gamers can expect an announcement about a new EA Sports IP pretty soon. I’ve seen speculation the past few days about the comments we’ve made recently about new IP coming this …
Read More »New Take Two shareholders to push up EA offer?
EA’s ‘hostile’ bid for Take Two may hit a snag when it comes to approaching individual shareholders – because many are experienced short-term investors that believe they can push the publisher’s offer skywards. That’s according to The New York Times, which reports that ‘there has been a considerable turnover in …
Read More »Take Two shares will plummet without us, warns Riccitiello
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 …
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