298w ago - According to Internet rumors, EA bought the largest GTA fan forum on 3/22/08 for approximately $3.4 million.
GTAForums.com now also features the EA logo. According to a leaked letter (see below) from EA to the site, "Such an acquisition would include the handover of all domain names, server contents and a database of, statistical information on all members of GTAForums.com, to Electronic Arts Inc."
The letter also states they would like to complete the transfer before April 29th, 2008.
299w ago - Gametrailers just put up their first episode in a ten-part look at the history of Star Wars video games.
While it take awhile to get going, once they do start talking about the games, it gets pretty interesting looking at such classics as the Atari 2600 retro pack Star Wars: The Empire Strikes Back, Star Wars Arcade in its vector graphics goodness and Star Wars Jedi Arena on the 2600.
301w ago - Many of us have been holding our breath since EA made its initial offer to buy Take-Two, and the company's comment, stating that they would wait until the release of Grand Theft Auto IV before discussing the offer any further, did very little to ease that sick feeling in our stomachs.
EA, who has been known to tone down the violent content of their games and splurge on in game advertising (as shown above), is set to destroy our beloved Grand Theft Auto franchise. The top secret tech demo showcasing EA's take on the series is not for the faint of heart.
How could Take-Two ever let something like this happen? The Grand Theft Auto franchise deserves to go down in history as one of the greatest games ever made – remembered for its controversy, not it's excessive in game advertising. The horror!
Ok, you got me, this is an obvious satire piece, however it does offer a potential eerie glimpse into the future. Hopefully this crosses the desk of a few key individuals at Take-Two and makes them think twice before allowing EA to place their thumb print on such a beloved franchise.
302w ago - EA is trying to buy TakeTwo. The speed with which EA management is moving hints at desperation. A cash offer of US$26 per share was rejected outright by the Take-Two board, even though that's 65% higher than what those shares are currently worth.
It was an extraordinarily generous offer, until you factor in GTA IV. EA lost money last year, and the prospect of reaping the profits from what could be the biggest video game of all time was impossible to ignore.
Since the Take-Two board rejected the offer without bothering to tell their shareholders, EA has taken the liberty of going public. In an open letter on the EA website, CEO John Riccitiello makes his case: "Development costs are rising dramatically and games that aren't big hits struggle to reach profitability. Most independent studios don't have much margin for error. The result has been consolidation - large publishers are merging and independent developers are more amenable to being acquired."
He even makes light of EA's chequered history of takeovers. "We've all heard the stories about teams that got mismanaged in a merger - I know I've got a few." Former employees of Westwood and Origin Systems would certainly have strong opinions on the matter. Yet he claims that EA has changed its ways, introducing a 'Label'...