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Video game publisher Electronic Arts Inc. has again extended the deadline for its $2 billion tender offer to buy smaller rival Take-Two Interactive Software Inc.
As Facebook has blossomed into a hot Internet hangout, its users have passed countless hours playing Scrabble with friends -- or at least, an unauthorized version of the word game that Scrabble's owners have tried to shut down.
It's official. Grand Theft Auto IV is a video game blockbuster, with gamers around the world buying up more than 6 million copies of the gritty, urban action title in its first week of sales.
The race for the Democratic presidential nomination isn't the only thing that's getting nastier these days. Check out what's happening in Corporate America: Hostile takeover bids abound.
The biggest story in the videogame business this year has been the way Activision and Electronic Arts, the industry's two dominant powers, are gobbling up smaller competitors that have developed hot-selling games. Activision, publisher of the billion-dollar Guitar Hero series, is seeking approval to join forces with Vivendi Games, maker of the bestselling World of Warcraft. Meanwhile, giant EA, purveyor of Madden NFL and other sports franchises, is making a $2 billion hostile play for Take-Two, which owns Grand Theft Auto.
If you've been pessimistic about the stock market, you would think you'd have plenty of reasons to gloat today.
Stocks looked set for another selloff Thursday as nagging fears about credit and the threat of a deep recession troubled investors and sent the dollar plunging.
Electronic Arts said Thursday it has launched an all-cash tender offer to buy rival Take-Two for $26 a share.
The game plan is clear for Electronic Arts and its takeover target Take-Two Interactive, but the price of the deal will simply have to be sweeter.
It's back to the playbook or the pocketbook for Electronic Arts if it's to win Take-Two Interactive.
Video game publisher Electronic Arts Inc. has again extended the deadline for its $2 billion tender offer to buy smaller rival Take-Two Interactive Software Inc.
As Facebook has blossomed into a hot Internet hangout, its users have passed countless hours playing Scrabble with friends -- or at least, an unauthorized version of the word game that Scrabble's owners have tried to shut down.
It's official. Grand Theft Auto IV is a video game blockbuster, with gamers around the world buying up more than 6 million copies of the gritty, urban action title in its first week of sales.
The race for the Democratic presidential nomination isn't the only thing that's getting nastier these days. Check out what's happening in Corporate America: Hostile takeover bids abound.
The biggest story in the videogame business this year has been the way Activision and Electronic Arts, the industry's two dominant powers, are gobbling up smaller competitors that have developed hot-selling games. Activision, publisher of the billion-dollar Guitar Hero series, is seeking approval to join forces with Vivendi Games, maker of the bestselling World of Warcraft. Meanwhile, giant EA, purveyor of Madden NFL and other sports franchises, is making a $2 billion hostile play for Take-Two, which owns Grand Theft Auto.
If you've been pessimistic about the stock market, you would think you'd have plenty of reasons to gloat today.
Stocks looked set for another selloff Thursday as nagging fears about credit and the threat of a deep recession troubled investors and sent the dollar plunging.
Electronic Arts said Thursday it has launched an all-cash tender offer to buy rival Take-Two for $26 a share.
The game plan is clear for Electronic Arts and its takeover target Take-Two Interactive, but the price of the deal will simply have to be sweeter.
It's back to the playbook or the pocketbook for Electronic Arts if it's to win Take-Two Interactive.
Skateboarding is all about cheeky defiance, which is exactly what Electronic Arts is sporting for going up against Activision's billion-dollar Tony Hawk skateboarding franchise.
Videogame-maker Electronic Arts said Thursday it is buying rival VG Holding Corp. for $860 million.
Microsoft Corp. said Wednesday it will pipe advertisements into a slate of popular sports video games from Electronic Arts Inc., including its best-selling "Madden" football franchise.
The executive who had been overseeing the Xbox video game division for Microsoft Corp. is defecting to Electronic Arts Inc., where he will oversee EA's lucrative sports division
Microsoft Corp. said on Tuesday the head of its gaming business, Peter Moore, would leave the company to join Electronic Arts Inc., the world's biggest video game publisher.
Electronic Arts Inc. Tuesday unveiled the first details of original video games in development in a collaborative project with Academy Award winning director and producer Steven Spielberg.
Christmas really does come in July for video game geeks. The industry's biggest event of the year, the E3 Media & Business Summit, will take place during July 11 through July 13 in Santa Monica, California.
Take-Two Interactive Software, the troubled maker of the popular Grand Theft Auto series of video games, has said that it might consider a sale.
The once-trendy "real-time strategy" (RTS) genre -- popularized in the late '90s with games such as "Blizzard's Starcraft" and Electronic Arts' "Command and Conquer" -- is poised for its long-overdue comeback.
A major selloff in Chinese stocks, an attack at an U.S. military base in Afghanistan that Vice President Dick Cheney and concern about the U.S. economy were set to plague Wall Street at Tuesday's open.
Electronic Arts, the world's largest video game publisher, named former executive John Riccitiello as its new CEO Monday.
[HIT] Hall of Fame game. When launching a new version of your star product into a sluggish market, you can't afford to be subtle. So as Electronic Arts prepared to debut Madden NFL '07 - with buyer...
After selling 70 million copies worldwide since it debuted seven years ago this month, Electronic Arts' "The Sims" series is reinventing itself with a new line of products, designed to be more focused and story-driven than open-ended life simulations.
Electronic Arts may be the video game sector's dominant player. But that hasn't made the past year much fun for shareholders.
LESS BANG FOR YOUR JUNK
Things are getting a bit more Unreal in the video game world.
Fans of the Madden football series are hardcore - but are they hardcore enough to pay $20 to get an advance look at the game?
Video game giant Electronic Arts (EA) is making an offer you can't refuse: an invitation to step into the shoes of a Corleone to see if you can work your way up to become don of the infamous Mafia family from the classic film "The Godfather."
Amid all the hand-wringing and debate over violence in video games, there's one point of view not often heard: a call for even more carnage and mayhem.
Little Big Man
Top video game maker Electronic Arts Inc. warned that quarterly profit and revenue would be "well below" earlier estimates due to lackluster holiday sales that it blamed on shortages of the Xbox 360.
Electronic Arts decided it couldn't beat Jamdat, a publisher of videogames for cellphones, so this week it made the largest acquisition in its history, paying $680 million for the Los Angeles-based game-maker, the biggest player in the burgeoning $2.6 billion market for games on mobile phones.
Behind the brick walls of an old textile factory in Montreal, more than 1,000 employees work in a 175,000-square-foot room without a single partition or cubicle. Here, on wood floors beneath tangle...
NEW YORK (CNN/Money) - The gaming world, it would seem, IS ready for some football.
After 14 years of compiling our list of the 100 Fastest-Growing Companies, we've learned one thing well: Rapid growth alone does not make for smart stock buys. That lesson is on our minds again as ...
A Florida attorney and video game critic says Electronic Arts, the leading game publisher, is to blame for the fact that its popular title "Sims 2" is being modified by some users to include sexually explicit images.
Look in the dictionary under "intense," and you could justifiably see a screenshot of Electronic Arts' "Battlefield 2," a gripping, war-based 3-D shooter that drops you and your teammates into the middle of a worldwide conflict.
Things sure can change in the course of a year.
ROBERT HAGSTROM KNOWS HOW TO STICK TO A GAME plan. As author of two books on the investing style of Warren Buffett (including The Warren Buffett Way), the manager of the Legg Mason Growth Trust (LM...
NEW YORK (CNN/Money) - Cell phones are not just for having annoyingly loud conversations in restaurants anymore. More and more people are using them to satisfy their jones for Tetris, Blackjack and Scrabble.
NEW YORK (CNN/Money) - Like many of the teens who are among their biggest customers, video game software companies have reached that dreaded awkward phase.
THE GAME DEVELOPERS' CONFERENCE, the annual March gathering of videogame makers, is typically a low-key geekfest. Game designers and producers in T-shirts and jeans shuffle between seminars like Dy...
NEW YORK (CNN/Money) - Add NCAA football to Electronic Arts' list of video game exclusives.
Video game maker Electronic Arts will announce a change in its longstanding policy and begin paying overtime to some of its 5,800 workers this week, the New York Times reported Wednesday. But those workers will no longer be eligible for options or bonuses.
I'VE BEEN KEEPING MY EYE ON Electronic Arts for quite a few years now, and I never cease to be amazed at how this company keeps on growing. Tech bubble? What tech bubble? For Electronic Arts, it si...
Video gaming reached official academic status Tuesday when Electronic Arts endowed a chair at the University of Southern California for the study of interactive entertainment.
NEW YORK (CNN/Money) - When it comes to video games, there's Electronic Arts and then there's everyone else. At least that's what Wall Street seems to think.
NEW YORK (CNN/Money) - Looks like the NFL was just the beginning.
NEW YORK (CNN/Money) - Consumers continued to buy games at a record pace in 2004. Software sales for the video game industry came in at $2.9 billion, up nearly 8 percent - and $400 million - from the 2003 totals. And some high-profile sequels provided handsome rewards for their publishers.
Rising oil prices were poised to hit U.S. stocks Tuesday at the start of a shortened trading week that will include earnings reports from some of the nation's leading companies.
NEW YORK (CNN/Money) - Television's leading sports network and the leading maker of sports video games have signed a long-term deal that could signal the end of an era.
NEW YORK (CNN/Money) - Coming soon to an Xbox near you: "Hannity and Colmes: The Video Game".
In a conference call earlier this year, Electronic Arts said it would take any necessary steps to protect its flagship "Madden" franchise. But nobody was expecting this.
NEW YORK (CNN/Money) - Officially, "Half-Life 2" doesn't come out until Tuesday. But that didn't stop retailers around the country from putting it up for sale this weekend -- escalating an already public squabble between the game's developer and publisher.
For the head of any public company, growth, like yardwork, is the job that's never done--the new blanket of autumn leaves falling before you're able to haul the first batch away. "Growth is the big...
Fast and dangerous is always sexy. No wonder, then, that investors are drawn to our annual list of growers. For every Dell (up 18,000% since it debuted on the list in 1991), there's at least one aa...
From a distance, this year's Electronic Entertainment Expo seemed to attract the usual scruffy crowd of gamers, retailers, and reporters. But if you looked a little closer, you might have noticed a...
The "Catwoman" video game doesn't fare much better than its big-screen inspiration, which film critics have dismissed as lots of flash and little substance.
Some people say college football is even more exciting than the NFL. EA Sports is out to test that theory with "NCAA Football 2005."
NEW YORK (CNN/Money) - Strong sales of soccer, boxing and Harry Potter games gave Electronic Arts a boost in its first fiscal quarter.
NEW YORK (CNN/Money) - The players are lining up on this year's virtual gridiron, but there are a lot fewer teams this time around. Last year, five video game publishers had football games. The 2004 season will only host two: Sega and Electronic Arts. But the battle could be the fiercest we've ever seen.
On Thursday Electronic Arts will announce its quarterly results, and analysts expect earnings of 5 cents a share on $420 million in revenue, extending the company's annual sales growth clip of roughly 20 percent.
EA Sports' "UEFA Euro 2004: Portugal" is bringing tournament-style soccer gaming to PS2, X-Box and PC. It's the official soccer game of UEFA Euro 2004, going on now, which is the championship series of UEFA, the governing body of European football (soccer in America).
NEW YORK (CNN/Money) - Imagine an industry where your most loyal customers are also your biggest detractors. They can be abusive, demanding and are almost always impossible to please, yet without their blessing, you're as good as doomed.
LOS ANGELES (CNN/Money) - E3 is not about the here and now. It's about the future - sometimes the distant future. While a lot of the titles on display here will get a lot of press ink in the coming months, a good percentage won't see the light of day until 2005 - and possibly 2006.
More than a year after launching the online component of the Xbox, Microsoft has finally brought the gaming industry's largest publisher on board.
I recently told my girlfriend that I needed to get more video games into my life. Understandably, the pronouncement met with one of those looks.
Wall Street will be desperately seeking a way to revive momentum Friday after major U.S. indexes finished sharply lower on Thursday for a second straight session.
So you want to be a contender, but don't like getting walloped by the real deal?
NEW YORK (CNN/Money) - John Riccitiello, president and chief operating officer of Electronic Arts, has resigned from the company to open a new venture capital fund.
NEW YORK (CNN/Money) - The CEO of gaming publisher Electronic Arts predicted Sony's new portable gaming system will launch globally before the end of the year and will cost less than many have speculated.
Earnings news remained at the forefront after the closing bell Tuesday, with Amazon.com, Kraft Corp. and Electronic Arts all showing off quarterly numbers.
NEW YORK (CNN/Money) - The time has come for some of gaming's biggest companies to go on a buying binge.
Let's play a little numbers game: on Aug. 14, Madden NFL 2004, a videogame pitting real-life NFL teams against one another, appeared on retailers' shelves. Within three weeks, the game grossed $100...
In Silicon Valley, it's known in some quarters simply as "the hunger."
Great marketing is one of the mysteries of business. You know it when you see it. But a brilliant campaign takes hold of you at such a subliminal level that it's often hard to say why or how it wo...
Take a wicked spill off your skateboard in the groundbreaking Gen-X action videogame Tony Hawk's Pro Skater, and your face slams to the pavement, blood spewing all over. Still, however realistic th...
How We Pick the 100 Best
Until her boss showed up, Hecubah, queen of the undead, was having a pretty good day at work. It was the 1999 Electronic Entertainment Expo (known in the industry as E3), and the villainess of the ...
It's no secret that Sony's PlayStation 2 is the hottest toy of the season. Exactly how sizzling became clear when game consoles started listing on eBay for $600--twice the $299 retail price. And, i...
Last month David Hoem, a 21-year-old student in San Jose, Calif., cashed out of a most unorthodox Internet investment. He sold a magician, a warrior, a thief, two houses, 120,000 pieces of gold, an...
The videogame industry is blasting its way back from a two-year slump. Videogame software sales, including those for PCs, are expected to take off this Christmas and beyond (see chart) as next-gene...
AND NOW the fashion report on men's suits for fall. It's arrivederci Milano and three cheers for the home team. ''The Italian extended-shoulder look is on its way out,'' says Chrys Fisher, CEO of O...
More executives are taking a break from number crunching to assume command of submarines, to slay dragons, or to blow up the world -- activities made possible by a new generation of interactive per...
Few savings and loan chairmen take home 20% of their thrift's annual profit. Yet Unity's David Roberts did; he received an estimated $672,000 in total compensation during fiscal 1987, when Unity's ...
Latest contender for the title of Most Surprising Industry to Rise From the Dead: home-computer software. The coroner's report on home computers came out three years ago, blaming high costs complic...
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