Page 290 - Take Two Interactive News Today

Back on November 10th 2020, Take-Two Interactive announced they had reached an agreement to purchase the UK based developer and publisher Codemasters. The acquisition, which the Codemasters board recommended the shareholders to agree to. It would have been worth $994 million, as the offer would be a mix of cash & stock. Today sees a twist to the story, as Electronic Arts have announced their intent to buy Codemasters for $1.2 billion cash. The Codemasters board have now recommended this new off...

Tweet (ThyBlackMan.com) As the world commemorated the 50th anniversary of the assassination of the Rev. Dr. Martin Luther King, Jr., I reflected upon the legacy of the iconic civil rights leader, I was reminded of two columns I wrote years ago in the form of poems. Yes, I do have a poetic side that most of the public has not seen unless they have read... [Read more...] Tags:

Strauss Zelnick Expects Games to Look Uncanny in 10 Years Speaking at the recent UBS Global TMT Virtual Conference, Take-Two Interactive CEO Strauss Zelnick had a lot to say about the future of gaming. Zelnick predicts that in a matter of ten years, gaming will look very similar to live-action films and may approach the uncanny valley when it comes to visual fidelity, pixel density, etc. While Zelnick admits to not know the future, he can see a path forward within ten years where creative dev...

Geeky Gadgets 11:22 am In an abrupt turn of events, EA has now acquired the British Game studio Codemasters rather than Take-Two Interactive, the owner of 2K and Rockstar Games, who was expected to seal the deal. Last month Take-Two Interactive announced they had made a deal with the studio for roughly $1 billion, but now its seems EA has clinch the deal for $1.2 billion, roughly 14% higher than Take-Two’s offer. Codemasters, is a British video game developer and publisher based in Southam, E...

Do they grow on trees? Did they come from another planet? Is there a secret lab in South America that builds them from scratch? No one knows for sure. But after encountering dozens of these creatures myself, I figured it was time to investigate. Lets start by taking a closer look at the four... Read More...

British gaming: My top UK shares for 2021 More on: Image source: Getty Images British gaming is currently in a sweet spot for investors considering UK shares, in my opinion. It’s been an excellent year for gaming companies. Already benefiting from its growing industry, UK game producers saw their fortunes accelerate when millions across the world were given stay-at-home orders. Electronics Arts, withdrawing its previous recommendation from Take-Two Interactive Software. ...

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CALL of Duty: Modern Warfare, Animal Crossing: New Horizons and Grand Theft Auto V, an eclectic mix of new and evergreen games, were among the top sellers this past year as most people who were unable to go to the cinema, concerts, sports events or other outdoor activities took to interactive video gaming at home. Sales of video games jumped more than 20% in the first 10 months of this year, according to gaming industry research firm NPD Group. Spending on consoles, which is usually depressed a...

EA Outbids Take-Two to Purchase DiRT Developer Codemasters for $1.2B DiRT and Battlefield and FIFA, EA announced its purchase of the UK-based driving game studio via statement on its website. EA says its investment that amounts to an implied value of $1.2 billion is anticipated to be finalized in the first quarter of 2021. “Electronic Arts and Codemasters have a shared ambition to lead the video game racing category,” Codemasters chairman Gerhard Florin said. “The Board of Codemasters f...

Author Bio Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock and roll bands. A native New Yorker, he currently lives in Los Angeles. Electronic Arts (NASDAQ:EA) has zoomed past rival Take-Two Interactive (NASDAQ:TTWO) to acquire U.K.-based video game developer and publisher Code...