This press release reveals that EA's attempt to acquire Take-Two Interactive (story) has become a hostile takeover bid (thanks Voodoo Extreme). EA's overtures have so far been rejected (story) amidst claims of competing offers (story) and accusations of shenanigans (story), so EA is bypas...

First the confirmed story: Layoffs Confirmed At Hellgate Developer Flagship on Gamasutra has word that a Flagship rep has confirmed that "staff at both the Flagship development team as well as online services subsidiary Ping0 were let go." They also report contact from "sourc...

What To Make of the Industry's Urge to Merge on Gamasutra features a roundtable discussion with financial analysts about consolidation in the game industry, arguably highlighted by a tidbit posted separately here where Wedbush Morgan's Michael Pachter says that blame for EA's (so far) fut...

GTA IV' Sales Slow, Complicating Take-Two/EA Merger is an analysis based on the new NPD game sales data (story) saying sales of Grand Theft Auto IV "have slowed considerably, which may complicate ongoing talks to buy the company." EA is in negotiations to takeover Take-Two (story...

The price tag for EA's recent attempt to take over Take-Two Interactive is about $21 million, reports Variety.com, noting EA's financial reports yesterday included an unusual $21 million line item: "Certain abandoned acquisition-related costs." ...