297w ago - Internet search engine Yahoo says it is "not opposed" to Microsoft's takeover bid, but wants a better price.
The letter from Yahoo's board was a swift response to a deadline issued at the weekend by Microsoft CEO Steve Ballmer for Yahoo to agree to the deal.
Microsoft warned if the deal was not accepted by 26 April, it would mount a hostile takeover at a lower price.
The software giant made an unsolicited $44.6bn (£22.3bn) takeover offer for Yahoo on 31 January.
But Yahoo rejected the deal, saying it substantially underrated the company's value and prospects.
"We have continued to make clear that we are not opposed to a transaction with Microsoft if it is in the best interests of our stockholders," the letter said.
"Our position is simply that any transaction must be at a value that fully reflects the value of Yahoo, including any strategic benefits to Microsoft, and on terms that provide certainty to our stockholders."
In the letter, Yahoo said the threat to begin a hostile takeover was "counter-productive".
Yahoo has been seeking links with other media and internet firms that would help it retain its independence.
However, most companies with the financial clout to rescue...
297w ago - The last week in games news was dominated by one game and one game only.
Yes, Relic announced Dawn of War II, and yes, it looks great. It looks as though another Thief's on the way, and that's fine. Even news that journalists had been to Konami Japan and finished MGS4 just bounced off the surface.
In the grand scheme of things, it was all filler. Nothing came close to GTA IV's impending release as an attention generator, nor will it for the foreseeable future.
Last week, GTA IV cemented its place as the most hyped videogame in history. Since last Monday - as we entered April and the title's launch month - the news merry-go-round and the gaggle that follow it have been talking about little else.
Monday was just ridiculous. The game was rated an 18 by the BBFC, was rumoured for DS and was shown in shots to be running in multiplayer for the first time, screens which were swiftly removed.
IGN also posted a 9,000-word interview with Dan Houser on Monday, just in case people had forgotten April was GTA IV month, which marked, by our reckoning, the longest piece written on GTA up to that point. How fragile that record proved to be.
It was just the beginning of a week in which hype surrounding the game seemed to reach more epic proportions every day. The...
297w ago - Swedish retailer Webhallen has today revealed the first image of a new PlayStation 3 bundle which will be launching in Europe alongside Grand Theft Auto IV. The bundle includes the standard 40GB PlayStation 3 console and a copy of the game.
The price listed is 4499kr, which is the same as the Gran Turismo 5 bundle that launched just over a week ago. While availability in other countries has not been announced, this indicates that the GTA bundle should sell for £299.99 in the United Kingdom and €399.99 elsewhere.
298w ago - GameStop has kicked the Grand Theft Auto IV marketing machine into high gear with a promotion sweepstakes offering a chance to win up to $10,000 and a paid-for trip to New York City at the GTA IV launch event on April 28.
To enter, all you have to do is text a number to GSGTA4 that corresponds to where the game's lead character Niko Bellic hid his lock box. The choices can be viewed below.
Alternatively, if you do not have a text-capable phone, you can simply fill out the online entry form on GameStop's Web site.
300w ago - Publisher Take-Two has announced the results of its first quarter, showing sales of $240.4 million and losses up to $38 million, as it announces that BioShock 2 will be released during fall of 2009, and that it has acquired Mafia developer Illusion Softworks.
Sales fell from $277.3 million the year prior, due to what Take-Two says was a lighter holiday release schedule. Sales were mainly driven by BioShock, Carnival Games, NBA 2K8, and continued sales of its Grand Theft Auto releases, including the release of Grand Theft Auto: Vice City Stories in Japan. Losses were up from $21.5 million the year prior.
Take-Two meanwhile announced that its recently opened 2K Marin studio was developing BioShock 2, currently planned for release at the end of 2009. The publisher says 2 million copies of the original BioShock have been sold worldwide to date.
The company also announced that it has acquired Mafia and Hidden & Dangerous developer Illusion Softworks, which will henceforth be renamed 2K Czech. The studio is said to be working on Mafia II for PC and next-gen consoles.
Looking forward, Take-Two says the release of Borderlands, the sci-fi shooter originally announced in August of 2007 has been moved into fiscal 2009 -- some time after October of this year -- "to allow additional development...