Whoever said that weekends are slow apparently forgot to consult with CEO John Riccitiello. He drops the bomb on us this Sunday, going public with the news that EA is deadly serious about adding Take-Two to their portfolio of investments.
Although the previous bid was rebuffed privately, Riccitiello upped the ante by entering the public domain and offering $26 a share -- a premium of over 64 percent of Take-Two's current closing price. With that comes a stern warning:
If you missed the quiet undertones, it reads something down the lines of "join us, or you'll regret it, later." Are we about to enter an era of annual GTA games? Try and withhold your judgement long enough to browse the press release, straight from the horse's mouth. Also, hostile takeovers.
[Update: Take-Two fires back, shrugging off the offer as a "devaluation" of their real worth.]
Madden is skipping the Wii U this year, marking the first time since 1991 that a Nintendo console missed out on a new Madden. And the Frostbite 3 engine will not be adapted for the Wii U, eliminating the possibility that Batt...more
It appears as though EA is looking to delve further into the MOBA genre with the premature reveal of Dawngate. The main site went live yesterday, only giving a glimpse at the art style as well as some background on the develo...more
Electronic Arts has today declared that it will be discontinuing use of its controversial (read: shitty) online pass system, no longer requiring an access code to unlock features. The scheme, put in place to make money off us...more