After Electronic Arts lowered its offer to acquire Take-Two from its original offer $26 per share to $25.74, Take-Two still has rejected the offer.
“[EA’s proposal] undervalued the company at $26 per share, and it certainly undervalues Take-Two at $25.74,” chairman Strauss Zelnick, said in a statement Friday following the revised offer.
Redwood City, Calif., April 8, 2008 – Electronic Arts Inc. (NASDAQ: ERTS) and Epic Games, Inc. today announced that they have expanded their current license agreement. Under the terms of the new agreement, EA will have the right to incorporate the Unreal Engine 3 in more than five upcoming titles currently under development. […]
EA is now turning to Take-Two’s shareholders to divest them of their share at $26 USD, The same amount offered by EA to Take-Two’s board of governors. EA big boss John Riccitiello says:
This is a great opportunity for Take-Two shareholders. We believe Take-Two investors will see our tender offer as the best way to maximize […]
Spore Release Date Finally Announced
Electronic Arts Inc. (NASDAQ: ERTS) and Maxis today announced that Spore™, the highly anticipated game from the creators of The Sims™, will be available at retailers worldwide the weekend of September 7. Spore will be available for the PC, Macintosh, Nintendo DS™, and mobile phones.
“The wait is almost over,” said Maxis […]
Electronic Arts has finally revealed the first slate of Hasbro games since the two companies announced a partnership last summer granting EA the exclusive worldwide rights to create videogames based on Hasbro’s numerous properties. The first products, arriving this fall, will land on the Wii and DS and be based on Littlest Pet Shop and […]
In their fiscal third-quarter conference call this week, Electronic Arts executives discussed a number of issues related to the company’s overall financial performance, future outlook and state of the industry. Then, they actually said something interesting. In a brief rundown of the company’s upcoming release schedule, EA CEO John Riccitiello actually uttered the words Dragon […]
From the Tiniest Amoeba to the Entire Galaxy Gamers Create, Customize and Share their Personal Creations
Redwood City, CA - January 15, 2008 - At the Macworld Expo today, Electronic Arts Inc. (NASDAQ: ERTS) announced that SPORE™ will be available for the Mac later this year. From Will Wright, creator of the mega-hit The Sims™ comes […]
As everyone expected, the merger between Vivendi Games and Activision that led to the birth of Activision-Blizzard, the new no.1 video game publisher in the world, didn’t sit too well with, now second biggest publisher, EA Games. So they’re thinking of solutions to get back in the top spot, and acquiring Take-Two Interactive seems to […]
Electronic Arts has announced the impending arrival of a new entry in the Command & Conquer series, Tiberium, a first-person squad-based shooter that will hit the PS3, Xbox 360 and PC towards the end of 2008.
It marks the second time the series has departed from its real-time strategy roots, following 2002’s Command & Conquer: Renegade, […]
If you think EA would just sit idly by and watch Activision Blizzard flaunt their newfound status as the worlds largest video game company, think again. Following the merger of Activision and Vivendi Games, Electronic Arts has told GamesIndustry.biz that there is always a possibility of further acquisitions by the publishing giant. EA Partners’ Nick […]
Games Industry Wire: Games industry news from b5media
Written by Kevin Codamon [email] for b5media.
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