Need For Speed franchise: 100 million copies sold!
Electronic Arts has announced that they have sold more than 100 million copies of the games from their Need For Speed franchise.
The company is celebrating this achievement by offering EA Store discount codes for 25% off any Need For Speed title.
To win these discount [...]
Shanda Games raise USD 1 billion through IPO
China based videogame company Shanda Games is making headlines.
The company has managed to raise around 1 billion dollar through their initial public offering.
Shanda however managed to meet this target by offering more shares than analysts had expected.
The company is known for publishing games like The Legend of [...]
THQ acquires San Diego studios of Midway Games
Midway Games has announced that they are selling their San Diego based studio assets to THQ.
The deal is worth around USD 200,000.
Midway however clarified that the deal does not include the TNA wrestling game which was developed at this studio.
This studio has around 100 employees. [...]
LucasArts hints about a new game on Twitter
LucasArts has used Twitter to reveal that they are set to announce a new videogame.
The sad news however is that this new title is likely to based on one of their earlier titles.
The two messages posted on the Twitter service stated:
Amazing news coming Monday! Super excited! You have [...]
ZeniMax acquires id Software
ZeniMax has announced that they have completed the acquisition of cult videogame company id Software.
The acquisition was made through their subsidiary Bethesda Softworks.
ZeniMax clarified that all the games being developed by id Software would remain on track.
The company added: “No changes will be made in the operations of [...]
Activision Blizzard might just give up Playstation 3 development
Activision Blizzard has hinted that they are considering stopping any further development of games for the Sony Playstation 3 gaming platform.
Activision Blizzard Chief Executive Bobby Kotick said in a statement that they might stop making new games for the PS3 due to high development costs and poor [...]
Warner Bros. Entertainment bids for Midway Games
Warner Bros. Entertainment has announced that they are launching a bid for the videogame company Midway Games.
Their offer is worth around USD 33 million.
Midway Games is behind some popular videogame franchises like Mortal Kombat. The company had filed for bankruptcy protection earlier this year.
Warner is not interested [...]
Will Wright leaving EA to join Stupid Fun Club
Videogame publisher Electronic Arts has revealed that game designer Will Wright is leaving the company to join run “Stupid Fun Club”.
Stupid Fan Club is essentially a group that design properties for use in videogames, movies and toys.
EA added that they would be making an investment in [...]
Square Enix acquires Eidos
Eidos has announced that they are getting acquired by rival company Square Enix.
Eidos is most well known for their Lara Croft series of videogames.
The value of this acquisition deal is around £84.3 million.
Eidos and SCi Entertainment had merged in 2005 to form the entity which is now going to [...]
Midway Games files for Chapter 11
Midway Games announced that they have filed for Chapter 11 bankruptcy protection.
The company said that they would not be able to pay back accelerated debt obligations.
Midway has around $281 million in debt and just $167.5 million in assets.
The company suffered due to selling of stake from Sumner Redstone. [...]
