303w ago - Microsoft is stepping up the pressure on Yahoo to accept its $44.6 billion bid. The software giant is reportedly preparing for a proxy fight after deciding not to raise its initial offer, a move that comes one day after Microsoft chairman Bill Gates told the AP that he believed his company's offer was "fair."
Since Yahoo officially spurned its overtures, speculation has arisen that Microsoft would launch a proxy battle for control of Yahoo's board. That's about to happen, according to The New York Times' DealBook blog. Microsoft is reportedly lining up candidates for Yahoo's board of directors and will attempt to gain the support of institutional investors and other large shareholders amenable to its plans.
Yahoo has made it clear that it's not interested in Microsoft's attention–at least not at the $31-per-share price tag. If Microsoft were to up its offer to the neighborhood of $40 per share, or around $55 billion, Yahoo's board would be willing to entertain an acquisition. As it stands, Yahoo says Microsoft's offer "substantially undervalues" the company's "global brand, large worldwide audience," and future growth prospects.
Yahoo has the typical "poison pill" in its bylaws, one which it enacted in 2001. Under its provisions, should a single investor acquires 15 percent or more of Yahoo's...
303w ago - At least we presume the artwork is for a Heavenly Sword sequel, since Ninja Theory has stated that it is a three game series. Have a gander at the High-res artwork after the jump.
Ninja Theory's website has been updated with a more mature and darker look, along with news of their next project:
Right now we're working on an exciting new concept that has got everyone we talk to buzzing. We can't say a lot except that it's going to be great to work on and should be even better to play!
It'll take all the things we loved about Heavenly Sword and make them bigger and better than ever before.
With such a strong Playstation 3 engine and vision for their Heavenly Sword project, could this be artwork for an exciting sequel set in a future post-apocalyptic time? A time that might be waiting for the immortal Heavenly Sword to save its people? Or does the concept art suggest a completely new IP?
303w ago - Publisher offers a look at how it adapted The Sims, SimCity, and Madden NFL franchises for educational purposes and why it won't be making a habit of the practice.
An executive with Electronic Arts gave a presentation at the Serious Games Summit portion of the Game Developers Conference, and one of the overarching themes he returned to repeatedly was that EA is not in the serious games business.
EA's vice president for global brand development of The Sims label Steve Seabolt was there to bring the audience up to speed on a handful of the company's games that had been adapted for educational and training purposes, but he stressed the company is still laser-focused on making entertaining games above all else. One of the main reasons why is that every dollar spent on making an educational game is one less dollar the publisher had to spend on its frontline franchises like Army of Two or Madden NFL Football.
"The reality is that we are a hit-driven business," Seabolt explained. "And economically, we can't really commit to launching a product unless we think we can sell a minimum of 2 million units. If you talk to anybody in the venture capital community, there's probably more economic roadkill around educational games in the past 20 years than just about any other category. Nobody's proven that...
303w ago - Toshiba Corporation today announced that it has undertaken a thorough review of its overall strategy for HD DVD and has decided it will no longer develop, manufacture and market HD DVD players and recorders. This decision has been made following recent major changes in the market. Toshiba will continue, however, to provide full product support and after-sales service for all owners of Toshiba HD DVD products.
HD DVD was developed to offer consumers access at an affordable price to high-quality, high definition content and prepare them for the digital convergence of tomorrow where the fusion of consumer electronics and IT will continue to progress.
"We carefully assessed the long-term impact of continuing the so-called 'next-generation format war' and concluded that a swift decision will best help the market develop," said Atsutoshi Nishida, President and CEO of Toshiba Corporation. "While we are disappointed for the company and more importantly, for the consumer, the real mass market opportunity for high definition content remains untapped and Toshiba is both able and determined to use our talent, technology and intellectual property to make digital convergence a reality."
Toshiba will continue to lead innovation, in a wide range of technologies that will drive mass market access to high definition...
303w ago - Microsoft wants consumers to believe that its problems with the Xbox 360 console in terms of hardware failure are over. But wandering through the Game Developers Conference halls and it's clear that the problem persists.
On Microsoft's own stand at the show one of the demo consoles has a rather familiar problem - the red ring of death. There's no way of knowing if this particular console was manufactured before or after Microsoft identified the problems with the machines.
But at the very least it's embarrassing for the company that its own stock of demo machines are still susceptible to the problem. Video can be seen here!