MCV/DEVELOP News, events, research and jobs from the games industry
BioShock creator close to resigning with publisher, says New York Post
Read More »New investor snaps up 5% of Take Two
Hedge fund SAC Capital has reported that it now owns a 5.3 per cent stake in Take Two. The firm said in an SEC that it had acquired 4.1 million shares, worth about $108 million, for investment purposes. Earlier this month, EA extended its $2 billion takeover offer for Take …
Read More »Take Two pulls Geneva staff back to UK base
Publisher Take Two expects to have the majority of its Geneva-based staff back in Windsor by September. MCV can exclusively reveal that the experiment started by former international boss James Ellingford is now essentially over. The giant US publisher has had an admin base in Geneva for five years, but …
Read More »NSPCC joins GTA paedo row
The National Society for the Prevention of Cruelty to Children has called on Rockstar to remove a joke ‘paedophile’ website from GTA IV. As reported by MCV earlier this week, some fans of the game had become uncomfortable with a ‘cheat’, which let them log onto a banned in-game website …
Read More »Take Two: EA offer still under value
Take Two has responded to EA’s latest bid extension by re-affirming its belief that the deal still significantly undervalues Take-Two” and that the proposal is contrary to the best interests of Take-Two stockholders.” In a response issued just minutes after EA extended its offer deadline to July 18th, chairman of …
Read More »EA extends Take Two offer deadline again
Having swept past the previous deadline of June 16th , EA remains determined to push through its offer for Take Two and has extended its tender offer for all currently outstanding shares of common stock to expire at 11.59pm on July 18th. Our offer price remains unchanged at $25.74 per …
Read More »EA/Take Two deadline passes
The deadline for EA’s tender bid for Take Two has passed without incident for the second time in a row. Analysts are now predicting that EA will have to draw a ‘new line in the sand’ when it comes to the deal – and announce a fresh deadline today. Take-Two …
Read More »Ken Levine renegotiating deal with Take Two, says Variety
BioShock creator using LA's Creative Artists Agency to get better contract with his publisher
Read More »‘GTA IV won’t save Take Two’
Top industry analyst Nicholas Lovell has said that despite the huge success of GTA IV, it won’t save Take Two from EA’s advances, with the publisher needing a white knight” to step in to rescue it. Lovell said the GTA IV launch has had no meaningful impact” on the firm’s value, …
Read More »Take Two eyes online model
Take Two executive chairman Strauss Zelnick has told a crowd at New York’s Piper Jaffray conference that the publisher is keen to introduce microtransactions into its biggest titles as part of a new moneymaking online push. Speaking to a room full of investors, Zelnick said the publisher is testing in-game …
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