Games, Acquisitions

SouthPeak Interactive Goes Public Through Acquisition

Authored by Mark Hefflinger on May 14, 2008 - 7:05am.

Midlothian, Va. - Completing a deal first announced last month, video game publisher SouthPeak Interactive said on Wednesday that it has gone public by acquiring a majority stake in Global Services Partners Acquisition Corp. (GSPAC), a shell company that trades on the OTC Bulletin Board.

Report: Electronic Arts to Buy Shawn Fanning's Rupture for $30M

Authored by Mark Hefflinger on May 12, 2008 - 7:08am.

Los Angeles - Electronic Arts will acquire Rupture, a games-focused social network launched by Napster founder Shawn Fanning, for $30 million, according to a report from TechCrunch, which cited sources with knowledge of the deal.

Atari Shares Delisted from Nasdaq

Authored by Mark Hefflinger on May 9, 2008 - 7:52am.

New York - Video game publisher Atari (NASD: ATAR), which last week agreed to merge with its major shareholder, France-based Infogrames, announced on Friday that the Nasdaq has delisted its shares, effective today.

Infogrames to Acquire Rest of Atari for $11 Million

Authored by Mark Hefflinger on May 1, 2008 - 8:21am.

Lyon, France - Video game publisher Infogrames, the largest shareholder in New York-based Atari (NASD: ATAR), announced on Thursday that it will acquire the rest of the Atari's outstanding shares for $11 million, or $1.68 per share.

Gamer Community Site GamerDNA Acquires 360voice.com

Authored by Mark Hefflinger on April 28, 2008 - 9:07am.

Cambridge, Mass. - GamerDNA, a provider of online communities for video game players, announced on Monday that it has acquired It Can Talk Inc., the owner of 360voice.com, a community website for Xbox 360 users.

SouthPeak Interactive to Go Public Through Acquisition

Authored by Mark Hefflinger on April 28, 2008 - 7:30am.

Midlothian, Va. - Moving a major step closer to completing a deal it first announced in January, video game publisher SouthPeak Interactive said on Monday that it has agreed to acquire a majority stake in Global Services Partners Acquisition Corp. (GSPAC) in a deal that will take the company public.

Take-Two Rejects Lowered Takeover Bid from Electronic Arts

Authored by Mark Hefflinger on April 18, 2008 - 7:13am.

New York - Video game publisher Take-Two Interactive (NASD: TTWO) said on Thursday that just 8% of its shareholders were in favor of Electronic Arts' (NASD: ERTS) $2 billion bid for the company, prompting EA to extend the deadline and slightly reduce its offer -- which Take-Two again rejected. "The minuscule number of shares tendered, as well as the strong vote in favor of the proposals presented at our annual meeting, offer indisputable evidence that our stockholders regard our efforts to enhance Take-Two's stockholder value as superior to the EA offer," Take-Two chairman Strauss Zelnick.

Mad Doc Software Acquired by Rockstar Games

Authored by Mark Hefflinger on April 7, 2008 - 7:24am.

Andover, Mass. - Mad Doc Software, a privately held developer of video games, has been acquired Rockstar Games, the unit of Take-Two Interactive (NASD: TTWO) that created the "Grand Theft Auto" franchise.

Disney Interactive Studios Buys Chinese Developer Gamestar

Authored by Mark Hefflinger on April 7, 2008 - 7:17am.

Burbank, Calif. - Disney Interactive Studios (NYSE: DIS), the company's video game publishing unit, announced on Monday that it has acquired Chinese independent game studio Gamestar, for an undisclosed sum.

THQ Buys Casual Games Studio Elephant; Teams with Oberon

Authored by Mark Hefflinger on April 2, 2008 - 7:15am.

Agoura Hills, Calif. - Video game publisher THQ (NASD: THQI) announced on Wednesday that it has acquired Elephant Entertainment, a developer of casual and online games.

Capcom Buys "Tenchu" Developer K2, Acquires MotoGP Rights

Authored by Mark Hefflinger on March 31, 2008 - 8:41am.

Tokyo - Japanese video game publisher Capcom announced that it will acquire fellow game developer K2, creators of the "Tenchu" series.

Electronic Arts Extends Take-Two Offer Deadline, Names CFO

Authored by Mark Hefflinger on March 28, 2008 - 8:46am.

Redwood City, Calif. - After having its $2 billion buyout bid rejected, video game publisher Electronic Arts (NASD: ERTS) said on Friday that it has extended the expiration date on its offer for Take-Two Interactive (NASD: TTWO) until April 18. Take-Two has said the deal undervalues the company, and called EA's advances opportunistic, in light of the looming release of the fourth installment of its top-selling "Grand Theft Auto" franchise.

Take-Two Rejects $2 Billion Offer from Electronic Arts

Authored by Mark Hefflinger on March 26, 2008 - 9:42am.

Redwood City, Calif. - The board of game developer Take-Two Interactive (NASD: TTWO) on Wednesday rejected a $2 billion unsolicited takeover bid from Electronic Arts (NASD: ERTS), calling the $26-a-share offer "inadequate in multiple respects" and "contrary to the best interests" of its stockholders." The board said that it will continue to explore other alternatives, including a possible combination with another company.

Infogrames Makes Offer to Acquire Rest of Atari

Authored by Mark Hefflinger on March 7, 2008 - 9:46am.

New York - Struggling video game publisher Atari (NASD: ATAR) announced on Friday that it has received an offer from France-based majority shareholder Infogrames, to acquire Atari outright for $1.68 a share, representing a 1% premium over the company's closing share price on Thursday.

Take-Two Says Other Suitors Besides EA Interested in Deal

Authored by Mark Hefflinger on February 29, 2008 - 7:41am.

Redwood City, Calif. - Just days after rejecting a $2 billion unsolicited takeover offer from Electronic Arts (NASD: ERTS) (EA), video game developer and publisher Take-Two Interactive (NASD: TTWO) said in a regulatory filing that it has since received "informal indications of interest" from other potential suitors.

Take-Two Rejects $2 Billion Buyout Offer from Electronic Arts

Authored by Mark Hefflinger on February 25, 2008 - 11:38am.

New York - Video game publisher Take-Two Interactive's (NASD: TTWO) board has rejected an unsolicited bid of about $2 billion for the company from fellow games maker Electronic Arts (NASD: ERTS), saying the proposal undervalues Take-Two and is a "highly opportunistic" move given the pending release of "Grand Theft Auto IV." The offer of $26 per share represents a 64% premium over Take-Two's stock price on Feb. 15, the day before EA made its proposal.

Men's Entertainment Site CraveOnline Buys GameRevolution

Authored by Mark Hefflinger on February 25, 2008 - 10:58am.

Los Angeles - CraveOnline, a men's entertainment site, announced on Monday that it has acquired GameRevolution, a provider of video game news and reviews, for an undisclosed sum.

RealNetworks Buys Trymedia from Macrovision for $4 Million

Authored by Mark Hefflinger on February 22, 2008 - 8:12am.

Seattle - RealNetworks (NASD: RNWK) announced on Friday that it has acquired Trymedia Systems, a provider of digital distribution services for casual games, from Macrovision (NASD: MVSN) for $4 million.

Report: No Viacom Offer for Game Publisher Take-Two

Authored by Mark Hefflinger on February 7, 2008 - 11:20am.

New York - Viacom is not in talks to acquire "Grand Theft Auto" game publisher Take-Two Interactive, Reuters reported, citing a source familiar with the matter, despite various online reports that Viacom was going to make an offer of $1.5 billion for the company.

Mobile Games Publisher Glu to Buy Superscape for $36M

Authored by Mark Hefflinger on January 23, 2008 - 8:26am.

San Mateo, Calif. - Mobile game developer and publisher Glu Mobile (NASD: GLUU) announced on Wednesday that it will acquire mobile game publisher Superscape Group, for about $36 million. Founded in 1993, San Clemente, Calif.-based Superscape, which is listed on the London Stock Exchange, was ranked among the top five mobile game publishers in the U.S. during the third quarter of 2007, according to Nielsen Mobile.