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Takeover • Page 2

  • 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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  • Move on Take-Two was "waste of ink," says Riccitiello

    Speaking to the Wall Street Journal, EA boss John Riccitiello has described the firm’s failed attempt to buy Take-Two as a “waste of ink, primarily in the New York Post.” He added that EA walked away from the deal as “time was of the essence, because we wanted to impact holiday 2008 sales of Grand […]

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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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  • Koei-Tecmo merger is all about survival, says Matsubara

    Koei boss Kenji Matsubara has said the company’s merger with Tecmo is all about staying alive in the modern climate, and that further acquisitions may be made by the newly formed firm. “In the 3 trillion yen ($28 billion) global games market, we have revenue of 40 billion yen, which begs the question of whether […]

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  • Tecmo and Koei merger roadmap to be formed within two months

    Tecmo and Koei have announced that a solid plan to merge the two companies will be in place within two months, Kotaku reports. “A committee has been formed to oversee the business of the two newly-merged companies, comprised of the presidents of both companies (acting as joint-chairmen) as well as executive representatives and non-executive representatives […]

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  • Valve brand Google talk "100% rumour"

    Speaking to Spong, Valve’s Doug Lombardi has branded speculation of Google being poised to buy the firm as “100 percent rumour.” The Inquirer originated the talk, as you can see here.

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  • Rumour: Google to buy Valve

    This Inquirer piece is rumouring that Google may be moving to buy Valve. The story cites “well-placed sources” and was filed from Austin GDC. If true, Steam is the main target, says the site. Also, it would be contrary to comments from Gabe Newell at Games Convention last month. Snip from the interview: So you’ve […]

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  • Take-Two shares drop 30% in wake of EA pull-out

    Take-Two’s shares have plummeted this morning, dropping nearly 30 percent in the wake of news that EA has given up on buyout talks. In pre-market trading, Take-Two’s stock has plunged $6.44, or 29.4%, to $15.45. More on Barron’s.

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  • Pachter drops Take-Two price target to $16.50

    If you bought into the Take-Two dream in the past few month, you might do best to hold onto your hat: Wedbush Morgan just revised its price target from $26 to $16.50. The news comes in the wake of confirmation that buyout talks between the GTA publisher and EA are now officially over. “Notwithstanding significantly […]

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  • EA halts rollercoaster, ceases Take-Two takeover talks

    Shame, that. We were hoping for something exciting. Instead, however, EA and Take-Two have both issued statements confirming that EA has put the kibosh on any further talks with Take-Two. “After careful consideration, including a management presentation and review of other due diligence materials provided by Take-Two Interactive Software Inc, EA has decided not to […]

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  • Activision buys FreeStyleGames

    FreeStyleGames has sold out to Activision, the publisher confirmed this morning. The UK studio developed B-Boy for PS2 and PSP. It is currently working on Guitar Hero content for Acti-Blizz. “Activision Publishing is the undisputed leader in the music-based games and we see tremendous opportunity for continued growth, particularly in Europe,” said Activision boss Mike […]

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  • Tecmo explains rejection to Square Enix

    Kotaku has taken the time to translate Tecmo’s answers to Square Enix’s questions as to why the firm rejected its offer earlier this month. Basically, it all boils down to “the decision to begin merger talks with Koei.” Read all about it through the link. By Mike Bowden

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  • Square withdraws offer fro Tecmo, asks questions about move

    Following news that Tecmo had spurned Square Enix’s offer to buy the firm, and had instead started serious negotiations regarding a Koei merger, Square formally withdraw its bid last night. It also emerged that Square has asked questions of Tecmo as regards to the move, but had received no response. The Square statement reads: The […]

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  • Tecmo rejects Square offer, in serious talks regarding Koei merger

    According to this Kotaku piece, Tecmo has formally rejected Square Enix’s offer to buy the firm, essentially saying it can still grow without selling. “In our company’s source of revenue, as a result of a guarantee with our capable workers, a guarantee of steady game development and the preservation of our brand, there is a […]

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  • Square Enix formally announces Tecmo bid

    Square Enix just formally announced its Tecmo bid in an English press release, saying its intentions are “friendly” and consent’s needed for the move from the Tecmno board by September 4. “We believe that Tecmo will be able to make a great leap forward by joining the Square Enix Group, which will provide the group […]

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  • Buyout - Square Enix offers 30% premium on Tecmo stock

    Following news this morning that Square Enix is making a serious move to buy Tecmo, the company has released a statement saying it’s offering a 30 percent premium on the target’s stock. From Kotaku: Square Enix has released a statement explaining his Tecmo takeover plan. It includes offering to purchase a controlling interest in Tecmo […]

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  • Kotaku: Square to move on Tecmo

    Update 2: Square’s released a statement saying it’s prepared to pay a 30 percent premium on Tecmo’s stock. Details here. Update: It’s been announced. IGN’s reporting it as well. According to this sourceless Kotaku piece, Square Enix is to make an imminent takeover move on beleaguered publisher, Tecmo. From the piece: Today at 1pm Japan […]

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  • EA and Take-Two sign NDAs, enter private talks

    According to this Reuters story, EA and Take-Two are now to enter previously-announced private talks about the potential merger of the two firms, and have signed documents to ensure all negotiations are kept out of the public eye. “As a result, EA does not intend to make any further announcements regarding the status of any […]

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