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Entries tagged "video games"AT&T invests in OnLiveVenture capitalists have placed an undisclosed bet on startup OnLive's proposition that via cloud computing technology it can beat the likes of Nintendo at its own game. Providence's ZeniMax adds Id to arsenalProvidence Equity Partners' portfolio company ZeniMax Media bought Id Software, the privately held developer of the 'Doom' video games. Activision Blizzard to spend its spare changeWith $3 billion in cash, the publisher of "Guitar Hero" games is reportedly looking to buy rivals on the cheap. But who might be on the short list? EA chief: Downturn clears away 'junk'John Riccitiello said the current downturn is a blessing in disguise that will help clear away the video game "junk" that fills retail shelves. Activision suit: 'Game over'If all goes according to plan, video game publisher Activision Inc.'s "Guitar Hero" will soon be rocking out with avatars of Vivendi SA's "World of Warcraft." ... SCi receives bid, borrows from Take-Two's play bookWhen Electronic Arts Inc.'s made an unsolicited bid for Take-Two Interactive Software Inc., speculation about the next video game deal ran rampant in the press. Well, it seems U.K.-listed video game company SCi Entertainment Group plc, best known for its "Tomb Raider" games, said it had received an offer, but rejected it.... THQ searches for a partner to play withTHQ Inc. is looking at buying other video game developers, but the publisher of Disney and WWE games can grow without making acquisitions, CEO Brian Farrell told Reuters. Perhaps Farrell hedged his comments about not needing an acquisition because there aren't many left in the industry.... Analyst's 'Iron Man' comment offers insight into EA's Take-Two offerIf you ever wondered why Electronic Arts Inc. covets Take-Two Interactive Software Inc., look no further than Janco Partners Inc, analyst Mike Hickey's comments about the upcoming "Grand Theft Auto IV." Hickey believes the April 29 release will dampen ticket sales for Paramount's "Iron Man" film the following Friday. The premise is simple, both seek to attract the interest of the same demographic, men 18 to 34 years old. ... Take-Two's troubles mountIn a move that should shock no one following Take-Two Interactive Software Inc., the New York video game publisher, which is facing an unsolicited $1.9 billion bid from industry giant Electronic Arts Inc., was slapped with a lawsuit over its executive compensation package. The news of the suit follows shareholder defections, a move that may be both beneficial and troublesome for the company -- but more on that later. ... Ubisoft as Take-Two's hero? Not so fastAn analyst put forth the possibility of French video game publisher Ubisoft Entertainment riding in to save Take-Two Interactive Software Inc. from Electronic Arts Inc.'s hostile bid. The truth is, such a scenario is as far-fetched as the plot lines of their video games.... Take-two makes major jump leading Deal StocksStocks involved in dealmaking made some major advances as the overall markets moved forward in midday trading Monday. Take-Two Interactive Software Inc. [TTWO] posted its largest gain ever, skyrocketing 52%, or $9.11 to $26.50 following Electronic Arts Inc.'s $2 billion all-cash bid takeover offer. The offer was part of a flurry of dealmaking Monday. Overall, the Dow was up .13%, or 16.03, to 12,397.05, and the Nasdaq moved down 0.29%, or $6.75, to 2,296.60.... Loan for GM's Allison Transmission sale stallsLoans for big buyouts won't come so easy in the wake of Wall Street lenders getting hit with big losses lately. Just ask General Motors Corp. The Detroit automaker's deal to sell its Allison Transmission unit to buyout shops has hit a speed bump. The Wall Street Journal reported Tuesday the $3.1 billion financing to Carlyle Group and Onex Corp. was postponed, but a financial package should be worked out soon. The two buyout shops reached an agreement to acquire Allison Transmission for $5.7 billion on June 28. Lenders are being extremely cautious because of recent conditions in the... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "video games." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
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