Viacom said Friday quarterly net profit rose 33 percent, beating Wall Street forecasts, on strong sales of "Rock Band" video game and higher advertising revenue at MTV Networks.

U.S. video game giant Electronic Arts Sunday said it had made an unsolicited $1.9 billion offer for "Grand Theft Auto" publisher Take-Two Interactive Software, escalating its battle with Activision for the title of biggest video game maker.

The new assassination thriller "Vantage Point" shot to the No. 1 spot at the weekend box office in North America while Oscar nominees "Juno" and "There Will Be Blood" enjoyed solid sales ahead of Sunday's Academy Awards ceremony.

Japan's Toshiba waved the white flag in the home movie war, giving up on its HD DVD format after losing the support of key studios and retailers to  Blu-ray technology backed by Sony.

In their second on-screen pairing, Matthew McConaughey and Kate Hudson returned to the top of the North American box office Sunday with the adventure comedy "Fool's Gold."

Google's effort to raise antitrust concerns about Microsoft's $42 billion bid for Yahoo has several flaws, analysts said.

Microsoft said Monday its $44.6 billion unsolicited offer for Yahoo was priced to make it easy for the company to accept, and it expects Yahoo's board and shareholders to agree to the buyout quickly.

Microsoft's proposed acquisition of Yahoo would marry the world's biggest software maker with a leading Internet media company, shaking up the online market.

"No Country for Old Men" and "There Will Be Blood" led with eight Academy Awards nominations each Tuesday, among them best picture and acting honors for Daniel Day-Lewis and Javier Bardem -- but it remained in doubt whether any stars would cross striking writers' picket lines to attend the ceremony.

The creature-feature "Cloverfield" became the first monster hit released in 2008, debuting with $41 million, a record opening for January, according to studio estimates Sunday.

The creature-feature "Cloverfield" became the first monster hit released in 2008, debuting with $41 million, a record opening for January, according to studio estimates Sunday.