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EA Says Thanks, but No Thanks to Purchasing Take Two

50°
311w ago - EA has made it official, after all the extenstions on the tender offers, and the presentation, they are no longer interested in purchasing Take Two and have terminated all talks.

According to John Riccitiello, Chief Executive Officer of EA,: "EA is tracking toward a record breaking year. We're launching 15 new games including award-winners like SPORE, Dead Space and Mirror's Edge, great new titles from the Sims, new family titles with Hasbro, and the highest quality slate of EA SPORTS titles on this generation of consoles. We're also expanding beyond our core business with a series of direct-to-consumer launches including Warhammer Online."

No mention of why they are no longer in longer interested, and Strauss Zelnick, Chairman of the Board of Take-Two, commented, "We remain focused on creating value for our stockholders and our consumers. This has been our goal since EA launched its conditional and unsolicited bid six months ago, a bid which was repeatedly rejected by our stockholders.

As part of that commitment, we remain actively engaged in discussions with other parties in the context of our formal process to consider strategic alternatives. We're especially proud of the success we've enjoyed over the past eighteen months and we remain confident in our ability to generate...
 

Reggae man sues Rockstar, Take-Two for Copyright in GTA IV

50°
311w ago - Looks like trouble never sleeps in Liberty City, indeed. This time around, it's a music copyright lawsuit that's filed against Rockstar's Grand Theft Auto IV, particularly on the songs played on the in-game radio station.

Jamaican Linton White alleged in his complaint that the reggae song "Last Night" making its rounds on the GTA IV (Xbox 360, PS3) airwaves care of the reggae station, Massive B Sound System 96.9, was actually co-written by him with one David Brooks (aka "Mavado"). Apart from that song, there's also "Bullet Proof Skin", which he says he co-wrote with Brooks and Rodney Basil price.

Although Linton was recognized and credited as a producer on Mavado's Gangsta for Life album (2007), his beef is that he was not credited for co-authorship on the said tracks in the Liberty City Guidebook that comes along with a copy of the sandbox title.

Linton's complaint states that:

In the... Liberty City Guidebook... [Take-Two and Rockstar] designate D. Brooks and B. Konders as the writers of "Last Night." ...[Take-Two and Rockstar] designate D. Brooks and R. Price as the writers of Bullet Proof Skin." No designation is made of plaintiff as a writer.

Reportedly, plaintiff Linton is demanding for US$ 150,000, plus punitive damages and other fees. In Rockstar...
 

Tecmo Answers Spurned Square's Takeover Rejection Questions

50°
312w ago - Back before Square Enix rescinded its friendly Tecmo takeover bid, we first broke the news that RPG maker was baffled. Tecmo rejected its offer in favor of merging with Dynasty Warriors company Koei. Most curious. Square Enix had three questions for Tecmo:

1. Please confirm that the decision on the start of discussions with KOEI toward integration of management is the reason for rejection of the Proposal.

2. If that is the case, please clarify concretely that major terms of integration of management with KOEI (form of the integration, stock prices assumption, integration ratio and so forth) are favorable for TECMO's shareholders than the Proposal.

3. If not, please clarify that TECMO has an alternative plan, which is favorable for TECMO's shareholders than the Proposal.

Tecmo didn't answer these questions until today. We've translated that, after the jump.

1. "The reason why the Tecmo board members did not accept this offer is because of the decision to begin merger talks with Koei."

2. "Supposing this is the case, then the plan to merge with Koei (form of the integration, stock prices assumption, integration ratio and so forth) is concretely beneficial to Tecmo shareholders."

3. "Supposing this isn't...
 

Disgruntled Ex-GameStop Employee Takes it to YouTube

300°
312w ago - Below is a video of YouTube rants from a former GameStop employee known only as 'WhistleBlowerZero', who has made a 9 part (!) series in the style of Zero Punctuation to explain exactly how bad GameStop is to employees and customers alike.

Many of the tidbits within will hardly be a surprise to anyone who's ever set foot in one of their stores and/or had the misfortune of working retail, but the series seems to be targeted more at the casual consumer and perhaps people who think working at GameStop sounds like a great job.

Viva la revoluciĆ³n?




 

Console Takeover: Is PC Gaming Dead?

400°
312w ago - Facing tough competition from a red-hot console market, developers are looking online in a bid to keep computer-based gaming alive.

There was a time when personal computers were the tools of choice for hard-core gamers. But four years ago, on the brink of the release of the PlayStation 3, Wii and Xbox 360, analysts were proclaiming the death of PC gaming.

These new consoles - well, Sony's PS3 and Microsoft's Xbox - were more powerful than the computers at the time, and were integrating with home entertainment systems to provide high definition experiences beyond just gaming. Nintendo, meanwhile, offered a completely new approach to gaming with its Wiimote controllers.

And this year, Electronic Arts decided to kill the PC versions of many of its popular sports titles, including Madden NFL 09, Tiger Woods PGA Tour and NBA Live. LucasArts is releasing The Force Unleashed, its new Star Wars title, on every platform except PC.

Even developers who built their companies by producing games for computers are now turning to console development.

Crytek's Stan Huebler has indicated that his company, which stunned the industry with its PC-processing intensive Crysis, won't be making any more PC exclusive titles, and id Software's John Carmack told Tom's Hardware Guide that...
 
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