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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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Takeover Latest

  • 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 […]

  • 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 […]

  • 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 […]

  • 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

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • FTC a-okay with EA’s bid for Take-Two

    Well, that was quick. The Federal Trade Commission is done snooping around EA and Take-Two, and has given the merger its approval. Now, barring any issues that the FTC feels “public interest” may be against, Take-Two’s belligerence is the only force standing between Take-Two and EA’s mighty jaws. The two companies are currently in talks, […]

  • EA won’t extend Take-Two deadline, deal to lapse

    EA’s announced that it won’t extend its deadline to buy Take-Two after its current deadline lapses tonight, saying that it doesn’t believe it could integrate the firm in time for Christmas if things drag on any longer. Take-Two shares fell nearly 6 percent in premarket trade to $23.38 today. The news comes after weekend talks […]

  • Activision puts Massive up for sale: “We have plenty of options,” says Walfisz

    Speaking exclusively to VG247, Massive Entertainment’s senior execs have revealed that they’re already in talks for a potential sale of the World in Conflict developer, following now-confirmed news that Activision is to sell the outfit as a result of its merger with Blizzard. “It seems like we have plenty of options,” said company president and […]

  • Valve “happy” to talk about acquisition

    Valve’s Doug Lombardi has said the firm is open to talk about acquisition in an interview with Gamasutra, the first time the shooter developer has mentioned anything of the sort in public. Valve’s “happy to have that conversation,” he told the site. “By the same token, the company’s doing pretty well, and we’re really happy […]

  • Seeking Alpha: “Microsoft is a likely bidder for Take-Two”

    Seeking Alpha’s published a piece saying Microsoft could be interested in buying Take-Two. “I think that Microsoft is a likely bidder for Take-Two. Microsoft already makes a video game platform (Xbox and Xbox 360) as well as independently publishes video games.” The unnamed author added: “Microsoft could become a serious player in the video game […]

  • EA’s Riccitiello: “I don’t care if people write about Take-Two”

    Seems like not a day goes by without an article about Take-Two and EA sitting in a tree. But even amidst all of the commentary, in an interview with VentureBeat, EA CEO John Riccitiello was nonchalant about his company’s current prey. “I don’t care if people write about Take-Two,” he said. “It doesn’t matter to […]

  • EA extends Take-Two offer, Zelnick responds

    EA’s extended its tender offer for Take-Two, after capturing only 15 percent of the company’s shares with its previous deadline. The offer is now valid until 11:59pm EST on August 18. This is the fourth time EA has extended its deadline in this way. Take-Two chairman, Strauss Zelnick, responded, “Take-Two’s Board continues to be 100 […]

  • Activision and Vivendi officially merge

    Activision and Vivendi have officially merged to form one of the longest game company names ever, Activision Blizzard. The last obstacle to the creation of the industry’s biggest publisher was cleared yesterday, after Activision shareholders approved the deal. All the dirty details can be found here. By Jerry Burns

  • Activision shareholders approve Vivendi deal

    The Activision-Vivendi deal has been approved by a 92 percent majority of Activision shareholders and is expected to be closed today. The news marks the removal of the final barrier to the creation of the world’s largest videogames publisher. The deal gives Vivendi a 52 percent controlling stake in Activision. More on Reuters.

  • Ubi acquires Sin City effects studio, Hybride Technologies

    Ubisoft’s confirmed a “media convergence” today in the shape of Montreal company Hybride Technologies. The special effects studio is known for its work on films primarily, such as 300, Sin City and the Spy Kids series. “This alliance is a true first for the industry,” said Yannis Mallat, Ubisoft Montreal CEO. “Ubisoft and Hybride share […]

  • Internal tension mounts as Activision-Vivendi merger heads for approval

    In case you’d forgotten, Activision shareholders are voting today on whether to approve the Vivendi merger and create the world’s largest games publisher. The City is excited by the prospect, and Wall Street has been heavily tipping the new firm for profitable performance in recent weeks. There’s a high level of tension in the companies […]

  • Crave left ESA because of company sale factors, says boss

    Speaking to GI, Crave chief Michael Mass has admitted that the company’s decision to leave ESA had nothing to do with the organisation itself, but was rather motivated by an upcoming company sale. “Crave’s departure from ESA at this juncture is not a statement against the value provided by our longstanding membership, but rather was […]

  • Take-Two reaches agreement with FTC

    According to this Reuters report, Take-Two has reached a deal with the FTC that will allow the firm to lessen the volume of information it’s providing to the body relating to its potential EA takeover. “Take-Two said that it agreed with the FTC on Wednesday to continue to provide information, but limit the scope of […]

  • EA extends Take-Two offer to July 18, no price change

    EA has extended its offer on Take-Two to July 18. The previous offer expired at 12am EST yesterday. “Our offer price remains unchanged at $25.74 per share, which is a substantial premium to where Take-Two’s stock was trading prior to our offer,” said Owen Mahoney, SVP of EA Corporate Development. “We congratulate Rockstar on the […]

  • EA deadline for Take-Two buyout passes today

    As GamePolitics reminds us, the deadline on EA’s extension to buy Take-Two shares ends today. A further extension is almost certain, given that the FTC is still investigating the merger, so expect to hear something on that either this evening or tomorrow morning.

  • Take-Two would be good fit for Ubisoft, says Forbes

    This Forbes article argues that EA isn’t the only way forward for Take-Two is the firm did decide to go down the merger route, saying that Ubisoft would also be a good option. “Ubisoft has shown they do a good job of managing original intellectual property. Culturally, Take-Two developers would not have a problem at […]

  • EA offer costs Take-Two $5.3 million in legal fees

    As part of last night’s quarterly financials statemen, Take-Two confirmed that it has so far spent $5.3 million on legal fees thanks to EA’s offer for the company. The press release noted that te firm had binned “$5.3 million in professional fees and legal expenses, with the majority related to Electronic Arts’ unsolicited tender offer.” […]

  • Take-Two actively in discussions with a number a companies over buyout

    Take-Two boss Strauss Zelnick has just confirmed that the company is in active discussion with several companies to sell the company. “We’re actively engaged in that process now,” he said, talking in an ongoing conference call backing up a Q2 financial release. “We have and continue to have” discussions with “a number of third parties,” […]

  • EA agrees with FTC to not buy Take-Two until investigation is over

    EA announced today that it’s reached and agreement with the Federal Trade Commission to not buy Take-Two until the regulatore has finished investigating the proposed deal. The publisher said it would wait for a further 45 days after delivering information required by the FTC probe or the completion of the investigation, whichever came sooner. More […]

  • Epic acquires Chair Entertainment

    Epic’s confirmed is acquisition of Chair Entertainment, the developer of XBLA game Undertow. The smaller company has now become a wholly owned subsidiary of the Gears of War developer and will continue to, like, make games using the Unreal Engine. Financial terms weren’t disclosed. Press release after the link.