With their business models under threat and shares in the doldrums, video game publishers like Electronic Arts look ripe for the picking by larger media conglomerates such as Walt Disney. But much as shareholders might hope for a quick exit, they shouldn't bank on a quick M&A payday.
Take-Two Interactive Software Inc said Wednesday it received a Wells notice from the U.S. Securities and Exchange Commission in connection with a previously disclosed investigation into the company's past stock option granting practices.
Take-Two Interactive Software Inc Thursday delayed its most important upcoming video game, "Grand Theft Auto IV", and warned it would post a full-year loss, before one-time items, sending shares down 17 percent.
The boss battle at Take-Two Interactive Software is over - with the leaders brutally squashed, then discarded. It sounds like a storyline straight out of "Grand Theft Auto," but in this case, it was corporate Darwinism at work.
U.S. stocks were mixed at Friday's open as investors tried to make sense out of two key economic reports - one on personal income and spending, and the other on corn plantings in the wake of a need for ethanol.
Blue chips rose Wednesday afternoon, with the Dow adding to the previous session's rally, but the Nasdaq couldn't find momentum as investors tried to find a balance between last week's big selloff and yesterday's big gain.
NEW YORK (CNNMoney.com) - I've known for years that the video game industry appealed to people who hadn't seen their teens or 20s in a long, long time. After all, I was living proof. But I remember precisely where I was when the reality was driven home.
The industry group that sets ratings for video games is probing whether hidden features within the blockbuster title "Grand Theft Auto: San Andreas" allows players to make their characters engage in simulated explicit sex acts.
Take-Two Interactive Software, Inc. announced Thursday that the Securities and Exchange Commission accepted a $7.5 million settlement offer, closing an investigation into the video game maker's accounting practices.
It's easy to hear about the gaming frenzy that is E3 and assume that all the titles on display are imminent. Most are playable either on the show floor on in private meeting rooms - and run fairly smooth.
NEW YORK (CNN/Money) - For the past 20 years, the gaming world has had one universal truth: AAA games cost roughly $50. As we close in on the next generation of game machines, though, change is in the air.
In a recent column, I wrote that I needed to get more video games into my life. Investors who felt the same way -- and added companies such as Electronic Arts and Activision to their portfolios -- are now sitting slightly ahead for the month.
One month after the departure of its embattled chairman, another executive is leaving Take Two Interactive Software. Jeff Lapin, CEO of the video game publisher, has resigned, the company announced Wednesday.