With Paris-based Vivendi SA's buyout of the majority of Activision Inc.'s shares about to close, Electronic Arts Inc., for now the world's largest video game publisher, is poised to get a far more formidable rival.

A group of funds controlled by financier Steven A. Cohen reported a 5.3 percent stake in video game maker Take-Two Interactive Software Inc. in a Securities and Exchange Commission filing on Wednesday.

Video game maker Take-Two Interactive Software said it reached an agreement with the U.S. Federal Trade Commission on providing information regarding a takeover bid by larger rival Electronic Arts.

Video game publisher Electronic Arts Tuesday again extended its $2 billion takeover offer for smaller rival Take-Two Interactive Software, but Take-Two again rejected the bid as too low.

U.S. sales of video game hardware and software were $1.12 billion in May, up 37 percent from a year earlier, with Take-Two Interactive's "Grand Theft Audio 4" the best-selling title for the month, market researcher NPD said in a report on Thursday.

U.S. sales of video game hardware and software were $1.12 billion in May, up 37 percent from a year earlier, with Take-Two Interactive Software's "Grand Theft Audio 4" the best-selling title for the month, market researcher NPD said in a report on Thursday.

Rather than having to pitch a video game idea and hope for funding, developers and skilled hobbyists can now create the game they want on the side—then let the market dictate whether their idea had merit.

Acquisition charges pushed video game publisher Electronic Arts to a loss for its fiscal fourth quarter, but the company's strong software sales helped the company's revenue blow past analyst expectations.

Take-Two Interactive Software scored more than $500 million in global sales of criminal action game "Grand Theft Auto 4" in its first week, marking what it said Wednesday is one of the most lucrative entertainment events in history.

The video gaming industry is more complicated than it might appear from the outside. Know these things before jumping in.

Mothers Against Drunk Driving is calling on the Entertainment Software Ratings Board, the independent organization that assigns video-game ratings, to reclassify "GTA IV" as an Adults Only game.

Electronic Arts said Friday it extended its tender offer for Take-Two Interactive Software by nearly one month at a lower price of $25.74 per share, drawing out a standoff between the two video game publishers.

Merger and acquisition activity has hit the brakes, along with much of the rest of the economy, but it's a long way from stopping completely. 

U.S. proxy advisory firm Institutional Shareholder Services Inc has recommended that shareholders of video game publisher Take-Two Interactive Software re-elect all eight board directors at an upcoming shareholder meeting.

Take-Two Interactive Software told shareholders to reject a $2 billion hostile bid from rival video game publisher Electronic Arts as too low, but said it had begun efforts to explore a sale or other options.