MCV/DEVELOP News, events, research and jobs from the games industry
In a move that will rock the next generation of console gaming, Sony is close to agreeing an acquisition of a high profile cloud gaming firm, MCV understands. It was reported earlier this week that Sony was to reveal a partnership with a cloud gaming firm – specifically either OnLive …
Read More »Powerplay Direct acquires Total Console Repair
Having hit hard times last month, Total Console Repair has been saved from the brink by Powerplay Direct. Powerplay has officially acquired all of TCR’s assets including its name, infrastructure and website. It intends to use these new resources to expand upon its existing PC repair operations. We are delighted …
Read More »Nexon rumoured to have launched EA takeover bid
EA shares has enjoyed a sharp jump on rumours that South Korean gaming giant Nexon has made a bid for the publisher. Both Forbes and Bloomberg are carrying the rumour, which originated from a South Korean newspaper. As a result of the chatter EA shares surged by over eight per …
Read More »Indie chain acquires distributor
Games retail might be tougher than ever but one independent retailer is flourishing. Mad 4 Gamez – which has stores in Hackney and Hornchurch – has just acquired supplier Universal Games Distribution and Portugal-based indie Extreme Gamer. I decided to buy Universal Games because all I think of is how …
Read More »GAME is saved as deal is agreed
A deal has been agreed that has tonight seen GAME exit administration, MCV believes. Former front-runner turned write-off OpCapita has in a surprise development emerged as the victor, with its re-jigged offer for the trimmed-down GAME offsetting the doubts that saw its original approach shunned by lenders. OpCapita has reportedly …
Read More »Space Channel 5 dev working on Vita music game
The technical director of respected Sega rhythm action title Space Channel 5: Part 2 is bringing a new music game to PS Vita. Orgarhythm is a new title that blends strategy and music. It will be published by Acquire and hit Japanese shelves this summer, reports Andriasang. The PS Vita …
Read More »Rivals positioning for post-administration swoop on GAME
MCV has learnt that a number of retailers and suppliers are putting plans and finances in place to ensure they are ready to acquire potentially cut-price assets should GAME go into administration this week. If a deal is not struck by the weekend it is likely that GAME will be …
Read More »Goldman Sachs acquires 13m GAME shares
World financial giant Goldman Sachs has become the latest company to swoop for stock in The GAME Group. The purchase was made on March 12th and was publically announced this morning. Goldman Sachs has acquired 13,120,220 shares in the company, entitling it to 3.78 per cent of its voting rights. …
Read More »Hilco and OpCapita linked to GAME acquisition
As stated by MCV yesterday, the widespread belief that GameStop will swoop to acquire part or all of GAME could yet prove wide of the mark. Although GameStop can still confidently be regarded as the front-runner, The Financial Times has named two other would-be suitors – Hilco and OpCapita. Hilco …
Read More »OPINION: Why a publisher should buy GAME Group
I was speaking at theEuropean Cloud Gaming Summityesterday and amidst warning people about the upcoming under-12 revolution I made the suggestion that some of the well-heeled publishers in the room should buy GAME Group (the troubled UK retailer). Cue most people’s jaws dropping. Buy a retailer? Are you nuts? GAME …
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