• Take-Two vulnerable despite $500M blockbuster

    By Yi-Wyn Yen

    Take-Two Interactive's management is rallying behind the videogame company's impressive release of Grand Theft Auto IV last month, but its $500 million opening week may not have been good enough to impress shareholders or ward off a hostile takeover from EA.

    Take-Two's popular franchise, which was released on April 29, crushed Halo 3 in video game sales records and even surpassed movie ticket sales for Spider-Man 3, the blockbuster MORE

    - May 8, 2008 2:42 PM ET
  • EA and Take-Two back to sparring

    By Yi-Wyn Yen

    Watching the latest saga between video game publishers Electronic Arts and Take-Two is like witnessing two rival tennis pros throw flowers at one another.

    On Friday, EA (ERTS) and Take-Two (TTWO) engaged in a press release battle that did not bring them any closer to reaching a deal.

    EA extended its $2 billion tender offer to purchase the maker of the highly-anticipated Grand Theft Auto IV by 30 days. Though MORE

    - Apr 18, 2008 2:56 PM ET
  • Bizarre Take-Two meeting could determine EA's fate

    By Yi-Wyn Yen

    When it comes to this spring's crop of hostile takeovers, none has become more strange and complicated than Electronic Arts's attempt to buy smaller, rival game publisher Take-Two for $2 billion.

    On Thursday evening, Take-Two (TTWO), which makes the popular Grand Theft Auto series, will hold its annual shareholder meeting at the W Hotel in New York City. One proposal on the table: giving management 1.5 million shares of restricted MORE

    - Apr 17, 2008 12:03 PM ET
  • Electronic Arts CFO resigns

    By Yi-Wyn Yen

    Electronic Arts announced Monday that chief financial officer Warren Jenson is resigning as the video game publisher presses a hostile bid to buy rival Take-Two.

    Jenson, who has been the CFO since June 2002, will leave the company in September. EA did not specify a reason for Jenson's departure and said it will name his replacement "shortly."

    Analysts say the shakeup is not surprising. Chief executive John Riccitiello has made MORE

    - Mar 24, 2008 11:57 AM ET
  • EA's bid for Take-Two gets hostile

    By Yi-Wyn Yen

    Its $1.9 billion bid to buy rival Take-Two (TTWO) having been rejected by management, video game giant Electronic Arts took its case directly to the shareholders Thursday morning.

    At stake is the future of Grand Theft Auto, a relentlessly violent action-adventure that has grown into one of the most valuable video game franchises in the business. Earlier this week, Take-Two raised its sales estimates for the current quarter to MORE

    - Mar 13, 2008 12:39 PM ET
  • EA's massive effect on the Xbox 360

    Uh-oh. Microsoft might be getting its ears Xboxed—again. Six days after Microsoft (MSFT) and the makers of its latest videogame blockbuster, Halo 3 split up, the software giant learned it might lose an exclusive deal with a developer that's about to release another potential Xbox 360 hit, Mass Effect.

    Though EA's $860 million purchase of Pandemic Studios and BioWare, the makers of the science-fiction action thriller Mass Effect, won't affect Microsoft MORE

    - Oct 12, 2007 7:39 PM ET
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