Ubisoft acquires Action Pants
France based videogame company Ubisoft has announced that they are now acquiring Canadian company Action Pants.
This deal would help the company establish a presence in the Western Canadian market.
A company representative spoke about this acquisition deal: “We have been looking closely at Vancouver for some time, as we wished [...]
Electronic Arts posts third-quarter loss
Videogame publisher Electronic Arts has posted a bigger third-quarter loss.
The company said that they suffered due to weak holiday sales in addition to some additional charges.
EA posted losses of $641 million in the quarter ending in December last year.
This is worse compared to losses of $33 million in [...]
ACES game studio being closed down by Microsoft
ACES is a Microsoft owned studio which produces the Flight Simulator videogames.
Microsoft has announced that they are closing down this studio.
This is part of their recently announced plan to cut 5000 jobs in their global operations.
The company however said that they remain [...]
Take Two COO Gary Dale resigns
Take-Two Interactive Software COO Gary Dale has resigned from his position in the company.
He was at this position for a period of five months only.
Dale was responsible for looking after Take-Two’s publishing labels in addition to sales activities, international expansion and business development initiatives.
Take Two said that Dale resigned [...]
id Software confirms QuakeCon 2009
Videogame company id Software has now confirmed QuakeCon 2009.
This event would be hosted in USA featuring a large LAN party centered around the Quake.
This tournament would see Quake Live which is the latest version of the game in this hugely popular series.
The game is browser based and would [...]
Electronic Arts to cut more jobs
World’s second largest videogame publisher Electronic Arts has announced that they are going to cut more jobs in their operations.
The company has now increased their job cut target to 1000 workers. This comes to around 10% of their total workforce.
EA also said that they are in the process [...]
Take-Two Interactive Software post a loss
Take-Two Interactive Software has come out with their latest revenue report and the company has posted a wider quarterly loss.
The company has also now forecast a sharp drop in sales revenue for the current quarter.
Take-Two has posted a net loss of $15 million in the quarter that ended in [...]
EA next to announce job cuts
Electronic Arts has announced that they are now lowering its profit forecast for the year .
The company is also going to cut their workforce by around 6%.
EA said that their sales have gone down in the month of October.
The company added that they are planning to eliminate 500 [...]
Take-Two Interactive Software aims to remain independent
Take-Two Interactive Software has said that they are aiming to remain independent after recent talks with Electronic Arts broke down.
The two companies could not settle on a price and EA took back their offer.
Take Two is the company behind massively popular titles including the Grand Theft Auto series.
The [...]
Activision to drop some games from Vivendi
Videogame developers Activision has announced that they are now dropping some gaming titles they gained from Vivendi.
They are only retaining the games which they say are a “strong fit with its long-term strategy”.
The company confirmed that they would be retaining titles including Crash Bandicoot, Spyro The Dragon and [...]
