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NEWS ABOUT: Electronic Arts

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New Grand Theft May Shatter Sales Records Today

Controversial game could change math in EA takeover bid

(Newser) - Everyone’s favorite controversy magnet is coming back to consoles—and it’s going to make a lot of money. Grand Theft Auto IV went on sale today, and it’s expected to shatter sales records, the Wall Street Journal reports. One analyst predicts $400 million in its first week.... More »

YouTube Opens to Developers

Expect more options for videos soon—including watching them on TiVo

(Newser) - YouTube is opening up to software developers, the company said Wednesday. Programmers can create new interfaces to play videos, for example, or let users upload clips to YouTube directly from other sites. And later this year, viewers will be able to watch YouTube videos via TiVo. The open platform won’... More »

EA Gets Hostile in 'Grand Theft' Takeover Bid

Video game maker plans to bypass Take-Two management

(Newser) - Electronic Arts is renewing its $2 billion bid to take over rival Take-Two Interactive—but this time the offer will go directly to the video game maker's shareholders, in a sign the potential deal may be turning hostile, reports the Wall Street Journal. EA’s initial offer was rejected by... More »

EA Maneuvers to Nab 'Grand Theft Auto'

Video game giant pushing $2B hostile bid for rival Take-Two

(Newser) - Video game kingpin Electronic Arts disclosed yesterday a $2 billion hostile takeover bid to acquire rival Take-Two Interactive Software, and capture the popular “Grand Theft Auto” franchise. EA, publisher of Madden NFL titles, said the $26-a-share offer represented a 50% premium over Take-Two’s closing price on Friday, but... More »

'Spore' to Finally Debut in Fall

It's for real this time, EA assures gamers

(Newser) - EA said that its “Spore” videogame, long in development, would be released September 7, Marketwatch reports. The company is expecting the game, designed by “Sims” and “SimCity” creator Will Wright, to generate big revenues, given the near-mythical status its long gestation time and solid-gold pedigree have endowed... More »

Activision Earnings Rocket 90%

Video games 'Guitar Hero' and 'Call of Duty 4' drive company's growth

(Newser) - Gamers who love Activision for Call of Duty and Guitar Hero have some company on Wall Street today after the company reported a 90% earnings surge and an 80% bump in sales for the quarter ending Dec. 31, reports MarketWatch. The company reported net income of $272.2 million, up... More »

Profits Burnout at Electronic Arts

Game maker loses money despite soaring game sales

(Newser) - Video game sales are at an all-time high but the world's largest independent publisher of them has reported a third-quarter loss, reports the AP. Electronic Arts says the loss is down to restructuring and accounting changes. Revenue was up 17%, but the company saw its share of the market slip... More »

Hasbro Attacks Fabulous Scrabble Clone

'Scrabulous' application wildly popular on Facebook

(Newser) - Hasbro, maker of the classic board game Scrabble, is moving to shut down Scrabulous, a widely popular—and virtually identical—online knockoff. It's currently the ninth most popular application on all of Facebook, with 2.3 million users. Scrabulous’ developers estimate their app brings in about $25,000 a month,... More »

Gaming Giant to Close Chicago Office

EA shutters 'Fight Night'-producing studio as part of restructuring plan

(Newser) - The video game maker Electronic Arts is closing its Chicago office, laying off or relocating nearly 150 employees, the San Jose Mercury News reports. A spokesman for EA says the Chicago studio, which had tripled in size since 2004, wasn't profitable, and likely wouldn’t have been for at least... More »

Game Over! Halo 3 Zaps Wii

Game launch boosts XBox 360 sales beyond Nintendo console

(Newser) - The launch of Halo 3 helped XBox 360 sales to zoom beyond Nintendo Wii, making the Microsoft system the hottest selling console in September. MarketWatch reports the extraordinary popularity of Halo 3 also helped push video game software sales up 64% over the same period last year. Game consoles were... More »

EA Nets Games Rival For $860M

Scores VG Holdings in tech takeover

(Newser) - It's a whole new ballgame at Electronic Arts. CNN Money reports the video game giant is buying rival VG Holdings for $860 Million. The takeover brings interactive and role-playing game makers BioWare Corp and Pandemic Studios into the EA stable. Pandemic is soon to launch Mercenaries 2, among other games,... More »

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