MCV/DEVELOP News, events, research and jobs from the games industry
Electronic Arts is just hours away from finding out if it has won over Take Two’s shareholders – and successfully acquired the company. It’s a fascinating time for those that love their numbers; with the big question – will EA CEO John Riccitiello push his bid even higher as time …
Read More »Will EA buy Take Two this week?
Wedbush analyst Michael Pachter has given his verdict on whether EA will end up buying Take Two this week – and so long as the Rockstar parent is ‘reasonable’ he believes it’s likely to go ahead. EA’s $2 billion tender bid for Take Two is set to expire on Friday, …
Read More »EA: ‘We’re US and Europe’s No.1 publisher’
Electronic Arts has revealed that it took 20 per cent of all software sales in Europe in the last year – and 19 per cent in the North America. The company said the success makes it the leader in the independent publisher sales chart on both sides of the Atlantic …
Read More »EAs Q4 earnings call in full
The full transcript of EA’s earnings calls following the announcement of its Q4 and full year fiscal results is available online now . In the discussion with investors, EA CEO John Riccitiello, CFO Eric Brown, COO John Pleasants and more top execs discuss subjects ranging from the firm’s fiscal outlook …
Read More »Riccitiello: Casual saving soft PC market
Electronic Arts boss John Riccitiello has stuck the knife into the state of PC gaming – but backed the casual sector to strengthen the format. Riccitiello said that the figures suggesting the PC market was slowing didn’t take into account the success of microstransaction and subscription models. However, he added …
Read More »Riccitiello: I love playing GTA
Electronic Arts CEO John Riccitiello isn’t just interested in GTA IV because it’s owned by acquisition target Take Two – he actually loves” playing the game. Speaking in a earning call with investors following EA’s announcement of its fiscal results last night, Riccitiello refused to give away any more information …
Read More »Electronic Arts posts $454m FY loss
Electronic Arts has posted a $454 million net loss for the year ended March 31st, 2008 – down from a net profit of $76 million in FY 2006-2007. The company’s acquisition of development duo Bioware and Pandemic back in October, 2007 took its toll on the figure – a combined …
Read More »Rockstar boss: Riccitiello is the real deal
In a very rare interview, co-founder of Rockstar Sam Houser has spoken of his respect for EA CEO John Riccitiello – the man who could own the developer’s parent Take Two in a matter of days . Houser called Riccitiello the real deal” and admitted that he ‘showed interest in …
Read More »EA borrows $1bn to close in on Take Two
Electronic Arts has secured a loan of $1 billion to support its bid for Take Two, which is due to be concluded this Friday . In a form filed with the SEC, EA said that it had received a commitment for up to $1 billion in ‘senior unsecured term loan …
Read More »Analyst: GTA unlikely to affect EA/Take Two saga
EA isn’t likely to alter its bid for Take Two in the wake of GTA’s exceptional first week of sales – and Take Two shareholders wouldn’t expect them to. That’s according to industry analyst Michael PAchter, who has told MCV that EA CEO John Riccitiello is a very savvy and …
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