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Redwood City, Calif.-based video game developer and publisher Electronic Arts Inc. (NASDAQ:ERTS) lost $454 million last year. Its stock price has been depressed since November (it lost 60% between August and November). And in September, EA abandoned its bid to acquire rival Take-Two Interactive Inc. (NASDAQ:TTWO) -- maker of...
Posted on March 26, 2009 12:05 PM
A few weeks ago our Dealscape colleague Matthew Wurtzel did a little digging into the political contributions of Wall Street executives and found that, generally speaking, Wall Street prefers Democrats. That got us wondering about the political leanings of some leading corporate executives. Using this nifty tool at HuffingtonPost.com, we...
Posted on June 30, 2008 4:17 PM
Two weeks ago, video game maker Electronic Arts Inc. launched a $2 billion cash bid for Take-Two Interactive Software Inc. Since then, EA made the offer hostile and had to find a new CFO, and Take-Two enacted a poison pill and just moved its annual shareholder meeting back to April...
Posted on March 28, 2008 9:51 AM
Electronic Arts Inc.'s chief financial officer Warren Jenson, presumably a chief architect of EA's hostile bid for Take-Two Interactive Software Inc., is leaving the firm. Jenson cited a need to write the next chapter in his career. He has served as EA's CFO since 2002 and will stay with the...
Posted on March 25, 2008 3:05 PM
All the talk about "Grand Theft Auto" as the main impetus for Electronic Arts Inc.'s $2 billion bid for Take-Two Interactive overshadows other reasons this deal makes strategic sense for the big video game publisher. After all, Take-Two offers more than just the crime-action game. It also provides access to...
Posted on February 25, 2008 3:24 PM
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