MCV/DEVELOP News, events, research and jobs from the games industry
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 …
Read More »EA launches new $2bn cash bid for Take Twos stock
Electronic Arts is targeting Take Two’s shareholders with a tender offer to acquire outstanding stock for $26 each – the price it offered the company in its buyout bid last month . The cash bid is worth $2 billion. According to the Wall Street Journal , ‘the move signals that …
Read More »Take Two protects employees from EA takeover
Take Two announced a generous severance package for its employees as a result of EA’s $2 billion bid for the company. The Financial Times reports that in a regulatory filing late on Friday, Take Two said its Board had approved a package for employees in the event that they lose …
Read More »ONLINE SPECIAL: EA and Take Two
Industry analysts have told MCV that Take Two should accept a takeover bid from EA in the next few months – or it risks missing out on its only real chance to find a suitor. While Take Two boss Strauss Zelnick said this week that the $2bn bid substantially undervalues” …
Read More »EA triumphs at Industry Pub Quiz
Electronic Arts took home the grand prize at the MCV and Xbox 360 Industry Pub Quiz last night – in its first stab at the competition. EA beat former champs such as Konami and EUK on the night, which once again took place at London’s AKA Bar in Holborn. However …
Read More »Guillemot: Well acquire IP not publishers
Ubisoft may well increase its expansion plans after EA’s bid for Take Two – but is far keener on snapping up established IP than acquiring other publishers. That’s according to a CNN interpretation of a French newspaper interview with Yves Guillemot, who was speaking after EA’s $1.9 billion offer for …
Read More »Riccitiello plots push into Asian market
Chief executive of Electronic Arts John Riccitiello has said that the firm is targeting the Asian market as a key area for growth in 2008. In an interview with GameDaily, Riccitiello added that the firm was also looking to expand EA’s core business into online, casual and mobile sectors. Riccitiello …
Read More »OPINION: Why EAs purchase of Take Two is inevitable
In the wake of EA’s shock announcement of its move to acquire Rockstar owner Take Two, Wedbush Morgan Analyst Michael Pachter has stated that, in his opinion, the deal is now inevitable. We think that EA has two choices – beat ‘em or join ‘em,” he said. They are attempting …
Read More »Dead Space arriving on Halloween
Publisher Electronic Arts has dated one of its key new next-gen IPs today with the news that Dead Space will be released on Xbox 360 and PS3 in both Europe and North America on October 31st. The game, which is being developed by EA’s Redwood Shores Studio, is a survival …
Read More »The Sims Online returns for free
After failing to spark the imagination of The Sims fanbase first time out, EA has resurrected its MMO adaptation of its famous franchise under the new name EA Land. Based on the architecture behind The Sims Online, the free-to-play title offers several improvements on the first game. The 12 separate …
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