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.
But with the surprise box office success of “Iron Man,” many are now questioning whether the company should abandon its franchise model and bring development of video games based on its characters in house.
Japan's Nintendo, maker of the hit Wii game machine, said on Thursday fourth-quarter profit jumped 60 percent but it forecast only modest annual growth of 9 percent as sales of its DS handheld machine slow.
Electronic Arts Thursday launched a tender offer for rival video game maker Take-Two Interactive Software at $26 a share, indicating its $2 billion bid is turning hostile.
Take-Two Interactive Softwaresaid on Thursday it has received informal inquiries but not written offers concerning potential business combinations since Electronic Artsproposed a $1.9 billion acquisition.
Sunday, 24 Feb 2008 | Source: The Associated Press
Microsoft said it will stop making HD DVD players for its Xbox 360 video game system after Toshiba ceded the high-definition video format battle to Sony Corp.'s Blu-ray.
Here's an intriguing tidbit, courtesy of The Wall Street Journal: Google and Verizon are on the verge of a deal, whereby Google would be the default search engine for the carrier, and the two would split ad revenue... Read More
There has been so much written about Apple and the iPhone recently: the 3G issues, the MobileMe mess, the so-called Apps Kill Switch controversy, the iPod and its battery/BBQ issues, the company's $20 billion in cash, and a stock that continues to try to claw its way back from the doldrums... Read More