Game industry business news

Why we want Take Two

We’ve issued a press release that explains why the deal is attractive for the shareholders of both Take Two and EA. Now I want to share some perspective on why it would be good for the people who make Take Two’s games and, just as important, the people who play …

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Take Two: EA offer was inadequate

Take-Two decided EA’s $2bn offer was "Not in the best interests of its stockholders” and rejected the bid. We believe EA’s unsolicited offer is highly opportunistic and is attempting to take advantage of our upcoming release of Grand Theft Auto IV, one of the most valuable and durable franchises in …

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Phil Harrison quits Sony

President of Sony Computer Entertainment Worldwide Studios Phil Harrison will resign as of February 29, 2008. Kazuo Hirai, President and Group CEO of SCEI, will immediately assume responsibilities as president of SCE WWS, in addition to his current duties. As one of the founding members of SCE, Phil played a …

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EA offers to buy Take Two for $2bn

Electronic Arts has made public an offer to acquire rival publisher Take Two for around $2bn, revealing that the two have been in talks to merge, although the GTA publisher has so far spurned EA’s advances. The all cash merger has been proposed by EA CEO John Riccitiello at $26 …

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Riccitiello to Zelnick – that letter in full

Following on from the news that EA would like to buy Take Two, we’re publishing in full the letter from Electronic Arts CEO John Riccitiello to Take Two exec chairman Strauss Zelnick outlining why the merger would be beneficial to all: February 19, 2008 Mr. Strauss ZelnickExecutive Chairman of the …

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MCV Awards 2007 video online NOW

Now MCV has received all of the lobbying for this year’s MCV Awards, now’s a perfect time to take a look back at last year’s glamorous bash. Click on the below link to see an exclusive video, featuring interviews with winners Nintendo, Activision, Centresoft and more… Check out 2007’s big …

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Resistance 2 arriving this autumn

The keen eyes over at UK consumer site Spong have spotted an almost missable sentence in a recent press release from celebrated developer Insomniac confirming the arrival of its FPS sequel later this year. It reads: "Insomniac Games is currently developing Resistance 2, which will release this fall, exclusively for …

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Riccitiello: EAs review scores are unacceptable

In a recent meeting with Wall Street analysts, EA boss John Riccitiello has stated that the company’s dropping average review score is the most important problem facing the firm. Reuters reports much of Ricitiello’s presentation concerned review aggregation site Metacritic, whose average score for EA’s software in 2007 fell from …

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Fils-Aime: Wii will surpass 360 by June in US

Outspoken NoA boss Reggie Fils-Aime has, according to Bloomberg , stated that he expects the installed base of Nintendo’s Wii console to surpass that of Microsoft’s Xbox 360 by June in North America. He cited the spring releases of Japanese chart-toppers Super Smash Bros Brawl and Wii Fit as the …

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Bizarre Creations 2008 charity drive

The UK based developer of hits such as Project Gotham Racing and The Club has lined up a bumper four months of charity activity – and it’s asking members of the games industry to rally in support. First up, on March 2nd Bizarre staff will be taking part in the …

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