Calculate your site FeedRank Today
FeedRank, a newly developed algorithm for ranking RSS feeds only on RSSMicro
Click here to learn more
 3/10 Fair --- gamernode.com http://gamernode.com/news/feed
| The latest news from Gamernode.com. ... |
Monday, May 12, 2008 --- 68 days ago http://gamernode.com/news/6685-ea-secures-1-billion-to-acquire-take-two/index.ht
| Late last week, Electronic Arts announced they've secured an additional $1 billion for continual efforts to buyout publisher Take-Two Interactive. The months are ticking down because EA only has till January 2009 to make the acquisition happen. EA said that "approximately $2.1 billion would be required to purchase all Shares pursuant to the Offer and the Merger and to pay related fees and expenses," in a recent financial filing statement. Back in February, EA tried and failed to buyout Take-Two Interactive with $2 billion. Despite being rejected, EA remained keen on acquiring the publisher with many analysts and critics citing the bidding move as aggressive and hostile . With the immense success of GTA IV, which sold 6 million copies earning $500 million in its first week of release, Take-Two may be feeling a bit more comfortable without EA breathing down their necks. In addition, rival publisher Activision's latest Q4 financial results are pretty even with EA; the company may be scrambling to pick up a publisher quick to bolster its forces again. [Via Gamasutra ] ... |
|
|
Recent Posts
|
|
|
Facebook Del.icio.us Digg StumbleUpon Reddit Google
Anytime
