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Tag Archives: buyout

Vivendi’s Activision sale blocked, though publisher pledges to push deal through

Activision’s proposed buyout from current owner Vivendi has been blocked following a lawsuit filed in a Delaware court. The publisher confirmed that the Hayes v. Activision Blizzard case is halting the closing of the transaction unless the injunction is modified on appeal or the transaction is approved by a stockholder …

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Zynga closes OMGPOP website, shuns attempted team buyout

The creator of hit mobile game Draw Something is dead following Zynga’s decision to axe the OMGPOP website. OMGPOP.com will close on September 30th to make way for new and exciting gaming opportunities”, according to Zynga. Both Draw Something games and Draw My Thing will remain active but titles such …

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Report: 2012 sees record numbers for mergers and acquisitions

The video games industry saw record consolidation in 2012, with total spending on buyouts and mergers hitting $4.2bn. Games Industry reports on research from investment bank Digi-Capital that took a closer look at last year’s acquisitions. While there were 26 per cent fewer deals during the period versus 2011, a …

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HMV buyout nears as shops remove ‘closing down’ signs

Having seen fellow struggler Blockbuster rescued over the weekend, hopes are high that HMV will have similar good news very soon. A number of HMV stores – including Stockport, Manchester Market Street and Argyle Street according to tweets at the weekend – have been instructed to remove their ‘closing down …

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Ziff Davis linked to IGN acquisition

Rumours suggest that Ziff Davis is on the brink of an acquisition of IGN. Bloomberg reckons IGN owner News International is willing to accept a figure below $100m for the company. As well as its gaming, movie and TV operations, IGN also owns Gamespy.com and Askmen.com. The move comes as …

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Nexon and NCsoft in Valve buyout talks – report

Valve, the company that does not want to be sold, is being linked to another buyout. This time the allegations say that two of Korea’s gaming powerhouses, NCsoft and Nexon, are in active talks to acquire the Half-Life developer and PC gaming powerhouse. The reports stem from Joonang News, which …

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EA and Valve held talks over possible $1bn buyout, report claims

Talks about the proposed buyout of Valve at the hands of EA HAVE taken place, a new report claims. Although it sounds as if the possibility of such a sale remains incredibly slim. The New York Times reports that Valve has been pursued over the years by Electronic Arts, which …

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Tesco acquires streaming music service

Supermarket giant Tesco has acquired a 91 per cent stake in Milton Keynes based streaming music service We7. Music Week reports that the deal is worth 10.8m, and that Tesco plans to buy the remainder of the company’s shares in the coming weeks”. The site, which changed from an on-demand …

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