MCV/DEVELOP News, events, research and jobs from the games industry
As the countdown to Take Two’s annual investors’ meeting begins, it’s a timely opportunity to look back on just why EA’s $2 billion bid for the company has come to dominate the headlines of the global games business press this year. It all kicked off on February 24th, when EA …
Read More »Take Two investor sues over EA bid rejection
According to Kotaku , a Take Two shareholder has filed a class action suitalleging thatthe circumstances surrounding the publisher’s refusal to sell to Electronic Arts were fiscally irresponsible. Take-Two disclosed the news in a filing to the Securities Exchange Commission. The stockholder, Michael Maulano, filed the complaint on April 11th …
Read More »Federal Trade Commission ups investigation into EA
Electronic Arts has received a second request from the Federal Trade Commission in relation to its proposed $2 billion purchase of Take-Two. According to Yahoo’s finance pages, EA said that while it believes the proposed acquisition would not be anticompetitive, the FTC hasn’t yet come to a conclusion – and …
Read More »Take Two snares top exec for Asian expansion
Despite its ongoing game of cat and mouse with potential acquiror EA, Take Two has revealed that it is hoping to broaden its distribtion reach and launch online games to full capitalise on the growing markets in Asia and the Pacific. Former senior staffer at EA and Vivendi Hubert Larenaudie …
Read More »Full details of EAs hostile bid revealed
An EA filing with the Securities and Exchange Commission has unveiled the full details of EA’s ‘hostile’ bid for Rockstar parent Take Two . The bid is expected to take another turn this week, as Take Two addresses its shareholders at its Annual General Meeting in New York this Thursday. …
Read More »GTA 360 bundle at Play
In preparation of GTA IV’s release, Play.com is bundling the game with the Xbox 360 premium console. The game and console together costs just 199.99 and gamers can pre-order it now. This news follows the apparent arrival of an official PS3 bundle later in the month.
Read More »AUSTRALIA: Rockstar responds to GTA IV cuts
Rockstar Games has responded to the need to cut content in the Australian version of GTA IV. Rockstar has reassures gamers that the cuts are minor, but has called on the Australian government to introduce an R18+ classification. The statement in full: The Australian version of Grand Theft Auto IV …
Read More »Rockstar snaps up new studio
Rockstar Games has made a significant acquisition ahead of the release of GTA IV on April 29th – Massachusetts-based Mad Doc Software. The deal comes amid EA’s hostile bid for Rockstar parent Take Two – a saga which isset to be concluded later this month. Massachusetts-based Mad Doc recently worked …
Read More »EA extends offer for Take Two
Electronic Arts has amended its hostile tender offer for Take Two, and stated that in attempting to delay the deal Take Two could be increasing risk for its shareholders. While Take Two stalled the deal by moving its annual meeting of stockholders to April 17th, EA has now given the …
Read More »Pachter: Take Two has made a mistake
Following Take Two’s stern rejection of EA’s $26 per share offer for the firm earlier today , Wedbush Morgan’s Michael Pachter has stated that he believes the publisher’s board has made an error of judgement. We’re frankly surprised by Take Two’s rejection of EA’s offer,” Pachter stated. Although many of …
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