Streaming video game service OnLive laid off most of its staff and sold itself to an unnamed buyer late Friday, in what appears to be a move to keep the service from going out of business.
The Supreme Court has struck down a California law that would have banned selling violent video games to children -- and game publishers couldn't be happier.
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.
The company said it has sold more than 6 million units globally since the game was released April 29
The fourth installment of the controversial video game "Grand Theft Auto" goes on sale worldwide Tuesday with expectations that it will break sales records.
Stocks looked to open slightly higher Wednesday as investors exercised some caution after stocks posted their biggest one-day rally in years.
The game plan is clear for Electronic Arts and its takeover target Take-Two Interactive, but the price of the deal will simply have to be sweeter.
Fortune: EA's next move is...updated: Mon Feb 25 2008 13:30:00
It's back to the playbook or the pocketbook for Electronic Arts if it's to win Take-Two Interactive.
U.S. stocks were little changed at Monday's open as investors awaited a report on existing home sales and a week's worth of comments from Federal Reserve officials.
U.S. stocks appeared poised for a solid opening Tuesday as the July trade report showed U.S. exports rising, and investors awaited a speech by Federal Reserve Chairman Ben Bernanke.
U.S. stocks opened higher Tuesday as investors saw some hope in economic reports, including one on employment.
Wall Street was down to be sure, but not by as much as some premarket forecasts, as the credit crunch continued to damage investors' psyches.
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.
CNNMoney: Stocks weak at openupdated: Thu Aug 02 2007 21:37:00
U.S. stocks pushed into negative territory at Friday's open after an employment report that was weaker than expected.
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.
Video game publisher Take-Two Interactive Software said Thursday it has suspended plans to sell "Manhunt 2" after the title was slapped with restrictive ratings for its extreme violence.
Stocks could continue their recent run as top U.S. investors revealed new or increased stakes in major companies, and housing starts showed an unexpected jump.
U.S. stocks faltered at the start of trading Thursday as investors seemed cautious about the upcoming March jobs report.
CNNMoney: Friday's moversupdated: Fri Mar 30 2007 10:15:00
Here are some of the stocks actively trading on Friday:
CNNMoney: Grand Theft Boardroomupdated: Fri Mar 30 2007 05:54:00
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.
CNNMoney: Stocks in flat startupdated: Fri Mar 30 2007 03:57:00
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.
Here are some of the stocks actively trading on Monday:
The stock market rally picked up steam Monday morning as investors welcomed a bevy of corporate deals and geared up for the start of the two-day Federal Reserve policy meeting.
Stocks rallied Monday morning as investors welcomed a rash of corporate deals and rumors, ahead of the start of the two day Federal Reserve policy meeting.
A slew of mergers, private equity buyout and talk of both helped lift U.S. stocks at Monday's open.
When shareholders of Take Two Interactive Software convene March 23 for their annual meeting, they're going to see a fight - and possibly the beginning of the end for the company.
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.
The Dow clung to gains Wednesday afternoon, but the Nasdaq struggled as investors attempted to find some stability after the previous session's big rally.
Here are some of the companies whose shares were active in Wednesday trading:
CNNMoney: Weak start for stocksupdated: Wed Mar 07 2007 09:24:00
U.S. stocks pulled back slightly at Wednesday's open, failing to follow through on a comeback rally in the prior session.
CNNMoney: Techs edge up at openupdated: Mon Jan 22 2007 09:19:00
U.S. stocks were mixed at Monday's open, with tech stocks gaining a little ground on some developments involving Intel and IBM.
Here are some of the companies whose shares were active late Wednesday:
The video game industry is taking a page out of TV's script.
Shares in video game maker Take-Two Interactive plummeted Friday after the company announced that it would incur extra costs in the second quarter to close development studios.
If the video game world were a high school, Take Two Interactive Software would be the guy in the leather jacket who blatantly smokes at his locker.
LOS ANGELES (CNNMoney.com) - Despite the fact that its latest installment was released seven months before the show, "Grand Theft Auto" was king at E3 2005.
Two months ago, Phil Harrison, the president of Sony Computer Entertainment's Worldwide Studios, made a startling declaration: "If 'World of Warcraft' were a country, it would be bigger than Ireland."
NEW YORK (CNNMoney.com) - The company behind "Grand Theft Auto," arguably the most controversial video game franchise on the market, is working on a new game for Microsoft's Xbox 360 - table tennis.
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.
Fortune: Big game huntingupdated: Mon Oct 31 2005 00:01:00
Take-Two Interactive Software sucked most of the air out of last year's holiday videogame buying season, selling more than five million copies of Grand Theft Auto: San Andreas. But there's no full-...
CNNMoney: No sex? No problem!updated: Tue Sep 06 2005 11:58:00
NEW YORK (CNN/Money) - There's no such thing as bad publicity? Try telling that to the investors in Take-Two Interactive.
When a child misbehaves, you give it a spanking. But based on Wednesday's actions by the video game industry, when a publisher misbehaves, you say "tut tut" and hope no one asks you to do more.
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.
CNNMoney: Six to watchupdated: Fri May 20 2005 06:28:00
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.
CNNMoney: EA all the way?updated: Tue Jan 25 2005 09:46:00
NEW YORK (CNN/Money) - When it comes to video games, there's Electronic Arts and then there's everyone else. At least that's what Wall Street seems to think.
NEW YORK (CNN/Money) - Looks like the NFL was just the beginning.
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.
NEW YORK (CNN/Money) - She's a statuesque redhead with green eyes who stands 5'7". Her measurements are 36-22-36 and she's posing topless for the October issue of Playboy magazine.
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.
NEW YORK (CNN/Money) - Every few years, a game comes along that goes out of its way to court controversy.
Technology stocks closed mostly lower on Monday as investors worried that prices have run ahead of business prospects.
I'll admit it: I'm getting a little too old to game. But I'm still young enough to know a killer product when I see one. Like the new videogame Grand Theft Auto: Vice City. Now, if you're over 35 o...
Four years ago, when Kmart's stock was ravaged by rumors of bankruptcy, it became a favorite of value investors. "It looked cheap relative to both book value and sales," says money manager Jeff Mat...
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