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Buyout • Page 2

  • Take-Two settles shareholder lawsuit over EA bid refusal

    Take-Two has settled a shareholder lawsuit over turning down EA’s offer to buy a controlling stake in the company. Filed by Prickett, Jones & Elliott for shareholder Patrick Solomon during March of last year, Solomon sued over Take-Two refusing to accept the $26 per share offer. No money changed hands, only an agreement granting Soloman […]

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  • Namco buys out 95% of D3Publisher

    Namco Bandai owns 95 percent of D3Publisher as of this morning. The company purchased 19,990 shares today, costing 62,000 yen ($628) and putting a value on the buyout at 1,239,380,000 yen ($12.55 million). It’s not known at this time how the merge will affect D3 Publisher America or Europe. Namco made a bid for the company […]

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  • Report: Square and Eidos agree buyout terms

    MCV’s reporting that Square and Eidos have agreed buyout terms. Finalization on the deal is expected by May. Square was unavailable for comment at the time of writing. Following this, trading of Eidos shares will be suspended on April 21st and the cancelling of its share listings is due to occur the following day. A […]

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  • Warner backs Square bid on Eidos

    Warner Bros has lent its support to a Square Enix bid for Eidos, saying it’ll add its 20 percent holding in the firm to a take-over. Over 36 percent of outstanding shares have now been placed on Square’s side of the fence. Eidos shares were trading at 32.25 pence when trading opened on Monday. More […]

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  • Eidos shares jump with news of Square Enix bid

    News of a Square Enix bid for Eidos has resulted in a major share boost for the Hitman-maker. Eidos’s stock leapt over 117 percent today, with over 5 million shares being traded in the UK market’s first hour alone. The price is currently at 30.5 pence ($.42). Square Enix is expected to reveal more details […]

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  • Report: Namco moves to buy D3

    Namco has reached agreements to acquire 70 percent of D3′s shares, according to this Andriasang report. The news apparently comes from a press release. Namco hopes to acquire the full 100 percent of shares, at a price of 62,000 yen. D3 will be turned into a wholly-owned Namco subsidiary. Other detail from the press release […]

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  • Square bids £84.3 million for Eidos

    Square Enix has made official an £84.3 million bid for Eidos. The Eidos board has agreed to recommend the offer to shareholders, which is worth 32 pence per share. The price represents a premium of 258 per cent over the price at the time the offer was made, January 14, and a premium of 91 […]

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  • Free Rad man: Crytek buy is a "really, really good thing"

    Former Haze creative lead Derek Littlewood has told VG247 this morning that a now-confirmed sale of Free Radical to Crytek has brought “relief” to the UK firm. “It’s clearly a really, really good thing,” he said. “More than anything else I think everyone is relieved that we can now get back to concentrating on making […]

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  • GameFly buys Shacknews

    US site Shacknews has been bought by GameFly, as confirmed here. Fileshack’s gone with it. The outlet was formed in 1995. No financials terms were disclosed. “GameFly has demonstrated a true understanding of and commitment to Shacknews’ gaming culture,” said Shacknews founder Steve Gibson. “We are confident GameFly will protect the legacy and community we’ve […]

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  • Time Warner buys extra 10 million shares in Eidos

    According to this Reuters report, Time Warner’s extended its share in Eidos to 20 percent. The firm bought 10 million shares in the UK publisher to increase its stake. Time Warner bought the shares on December 11 and now holds about 52.5 million shares in the company.

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  • Report: Square and Warner ready to move on Eidos

    MCV’s rumouring that both Square and Warner are readying bids for Eidos. The site’s quoting as source as saying: “I think Warner will still win, but it’s very interesting that Square have expressed this late interest. They are clearly looking for Western talent.” Yoichi Wada has apparently already visited Denmark’s IO Studio and is set […]

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  • Midway sold for $0.0012 per share

    According to this Reuters report, quoting the Wall Street Journal, Sumner Redstone has sold his 87 percent share in Midway to investor Mark Thomas for $100,000, or $0.0012 a share. Thomas will assume $70 million of senior secured and unsecured debt. The sale amounts to a significant loss on Redstone’s investment but secures a hefty […]

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  • Rumour: Ubi and EA looking at SCi buy

    Edge’s reporting a rumour piece that appeared in The Daily Mail this morning, which reckons SCi’s being looked at by EA and Ubisoft. Apparently discussions of are at an “early stage” and that SCi has been approached by two separate publishers in a matter of weeks. More through there.

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  • Koei and Tecmo merger agreed for April, worth $207 million

    According to this Reuters report, Koei and Tecmo have agreed terms to merge and will combine under a holding company in April next year. The deal is worth $207 million. Each Tecmo share will be exchanged for 0.9 shares in the holding company, while one share in the holding firm, called Tecmo Koei Holdings, will […]

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  • Activision buys Budcat

    Activision’s bought Guitar Hero developer Budcat, the company’s confirmed. The Iowa-based firm has worked on various versions of Guitar Hero III: Legends of Rock, Guitar Hero: Aerosmith and Guitar Hero World Tour. Budcat will now move on to “a new game in the Guitar Hero franchise.” Press release after the link.

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  • Epic on buyout story: No comment

    Rather obviously, Epic’s issued a no comment on talk that Legendary Pictures – the firm behind the Gears of War movie’s funding – is looking to buy the developer. “We don’t comment on acquisition rumours,” Epic boss Mike Capps told CVG. So there we are.

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  • Breaking: Gears of War movie financier in talks to buy Epic (update)

    Update: Epic says no comment on this. Right purchasee – wrong purchaser. According to a report by Variety, there’s a “For Sale” sign in Epic’s window after all. However, it’s not EA that’s trying to wrangle a deal; it’s film financier Legendary Pictures. Legendary Pictures, who’s previously thrown its considerable weight behind films like The […]

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  • SouthPeak buys Gamecock

    SouthPeak’s confirmed it’s acquired Mike Wilson’s Gamecock. Financial terms haven’t been disclosed. “We are thrilled to be joining forces with SouthPeak to continue to bring great original titles from independent developers to market with a stronger sales and distribution reach,” said Gamecock boss Mike Wilson. “We have followed each other’s progress closely over the last […]

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  • Infogrames completes Atari acquisition

    Infogrames has completed its acquisition of Atari, the US-based publisher, in a deal worth around $11 million. The French company can now definitively unite the Atari brand, the use of which Infogrames has had the right to in Europe and other parts of the world for some time. More on GI.

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  • Take-Two to remain independent

    After a protracted game of cat and merger with EA and endless announcements of takeover talks with other parties, Take-Two confirmed today that it intends to remain independent. “Take-Two’s Board of Directors has determined that it is in the best interests of stockholders to conclude its review of strategic alternatives and to continue operating and […]

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