Take-Two Interactive, the marketer of Grand Theft Auto and various sports videogames, has watched its stock price plummet to $16.99 on the news that Electronic Arts has decided to quit trying to buy the company for $26 a share. Much like Yahoo's drop after Microsoft took an offer off the table, Take-Two's shares are…
Bangkok police arrested a Thai teenager "after he was found trying to steer a cab backwards out of a Bangkok street with the severely wounded driver in the back seat," reports Reuters. The kid told police he didn't mean to kill the driver and only stabbed him to death after he fought back. In Take-Two Interactive's …
Ricky Van Veen, founder of sophomoric entertainment site CollegeHumor, was surprised to see one of his inventions pop up in a box of promotional schwag for the new Grand Theft Auto IV game from Take Two Interactive. No, it wasn't some nifty new electronic gadget, but a simple foam fan hand — in the shape of the "…
Electronic Arts has hired Eric Brown, an EA veteran, back from McAfee as CFO to replace the abruptly departing Warren Jenson. This comes as the company is trying to buy rival Take-Two Interactive. [WSJ]
Industrial-sized video game publisher Electronic Arts is in negotations to buy the only real competitor in the sports game market Take-Two Interactive. Take-Two's shareholders want more than EA is offering and may be stalling until the release of the latest Grand Theft Auto installment. The two companies have taken…
Electronics Arts CFO Warren Jenson has unexpectedly quit the company, public filings revealed yesterday. He'll continue to cash a $595,000-a-year salary through September 30, unless he lands a new job first, the FT reports. Jenson's abrupt departure comes as EA pursues an increasingly hostile bid to acquire rival…
Electronic Arts CEO John Riccitiello isn't content to sit idly by twiddling his thumbs until retirement. He'd rather spend as much as possible to keep his company relevant to the vanishing-attention-span generation of males whose spending pads his pension. They're interested in fast cars and sports — which makes…
Oh the steamy summer of 2005, otherwise remembered as the "Hot Coffee" scandal. Take-Two Interactive ushered in a new wave of videogame scrutiny after shipping Rockstar's Grand Theft Auto: San Andreas with a sexual intercourse minigame hidden in the code. (Players had to actively hack the game to get to it.)…
