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SEC subpoenaes RICC for more information pertaining to 38 Studios investment, subsequent lawsuit

In September, the US Securities and Exchange Commission (SEC) began an investigation into the $75 million loan handed to 38 Studios by the state of Rhode Island’s Economic Development Corporation (EDC), which as of January 1 was renamed the Rhode Island Commerce Corporation (RICC). Today, it has come to light that the SEC has subpoenaed […]

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Sec headlines

  • Zynga to file for IPO Thursday

    A source familiar with Zynga’s operation told the Reuters news service that Zynga will be filing for an initial public offering on Thusday.

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  • Matter between SouthPeak Interactive and U.S. Securities and Exchange Commission settled

    SouthPeak Interactive, along with its chairman Terry Phillips, has satisfied the U.S. Securities and Exchange Commission enough in order for the government body to drop a pending investigation over the firm’s failure to report and record a 2009 loan given to the firm by Phillips in a clear and proper manner.

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  • Midway Presents: Bankruptcy possibly delayed until February

    Shacknews sends word that Midway’s playing its trump card in its duel with fate’s cruel whims. Apparently, the beleaguered publisher was able to convince a portion of its investors to delay enacting their money-back guarantee – applicable because a large portion of Midway recently changed hands — until February 19. If Midway’s able to talk […]

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  • EA's tender bid for Take-Two in excrutiating detail

    One for the bookmark. You can find the SEC filing detailing EA’s tender offer for Take-Two here. Did you know, for example, that the $26 per share offered amounts to exactly $2,152,261,826? The entire buyout issue will be headline news pretty much everywhere this week, as Take-Two holds its AGM in New York, a meeting […]

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