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Done with that Zynga story? Thought that was all the economics you were getting today? Nope. While he's not recommending investor action, writer Paul Manwaring did some number crunching and conservatively valued Team Fortress 2's unique items economy at, oh, about $50 million. More »
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Hey, did you hear the one about Zynga's IPO? Initial investors had to invite 10 friends or wait 10 minutes to buy additional shares. More »
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As rumored two days ago, it is now confirmed that Zynga will hold an initial public offering of its stock on the NASDAQ tomorrow. More »
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Those trying to deduce just how much they can pay for a piece of FarmVille giant Zynga will only have a little while longer to wait. More »
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If you ever wanted to control where your tax dollars go, now's your chance. American Public Media, known mostly for their expansive public radio work, recently updated Budget Hero, a free web-based game where the player has the future of the nation's budget in their hands. More »
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Goldman Sachs' analysts punked Microsoft's stock rating and archly suggested that the company spin off the Xbox 360 division, saying such a sale could unlock hidden value within the unit and free it from the company's more sluggish performance. More »
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Majesco's share price has again wandered south of Wall Street's Mendoza line, prompting NASDAQ to tell the maker of Cooking Mama to get it back north of $1 or face delisting from the exchange. More »
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I'm just a simple caveman lawyer, and your world of finance frightens and confuses me. However, it sounds like Viacom wants a refund on a substantial bonus it paid to Harmonix's founders. More »
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Carl Icahn, whose 11 percent ownership of Take-Two Interactive was by itself enough to restart buyout chatter, has grabbed another one million shares of the publisher according to a securities filing last week. More »
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The notorious investor Carl Icahn disclosed late this week he owns more than 11 percent of Take-Two's shares, a stake large enough to restart talk that the publisher faces a buyout. More »
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Walmart's move to cut prices on the Wii and two dozen of the year's top releases was enough to dent GameStop's stock early Wednesday, dropping it nearly 9 percent - the biggest plunge of any stock in the S&P 500. More »
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Dow Jones cornered Best Buy's CFO at an investor conference and asked if he'd comment on speculation the retailer might buy GameStop. Ryan Robinson declined to do so, but said some things that still keep the subject alive. More »
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Atari found its new chief financial officer from TheLadders.com. Not that they went literally advertising on the service, which promises careers paying more than $100,000 annually. They got the guy who was its veep for finance. More »
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The March NPD results indicated a year over year decline in game sales, and retailer GameStop felt it in their stock prices, despite a statement issued today reaffirming its 2009 financial guidance. More »
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GameDaily BIZ cites an unnamed industry source that Brighter Minds Media, publisher of the acclaimed World of Goo, has filed for Chapter 11 bankruptcy protection. More »
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Major League Gaming got another $7.5 million from one of its venture capital firms, which called the pro video gaming league "a cultural phenomenon." More »
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In these difficult economic times we all need to take control of our finances. Trouble is, saving and budgeting is DULL DULL DULL. How best to motivate an easily-bored gamer? More »
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Talk about your Black Friday deals. Hoping to resolve debt issues, stodgy old-timer Sumner Redstone has sold his controlling interest in Midway Games for approximately $100,000. More »
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Things are tough all over. Despite being branded as a "recession proof" industry, the publicly traded stocks of video game publishers dropped like a rock today, following news that the US House of Representatives had rejected a $700 billion bail out for failing financial services. More »
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If you're into stock and finances you might recall that BlizzAct offered to buy up as much as 146.5 million shares of their common stock at $27.5 a pop. Well their offer wrapped up last week and they're announcing today they managed to snag nearly 86,000 shares for about $2.3 million. More »
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Via Shacknews late Friday, Atari reported $23.6 million net loss in its fiscal year ending March 31, 2008, the last FY on its books before it starts getting a monthly allowance from Infogrames, and a lecture on the value of money. More »
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Anticlimactic as it is, your humble editor still missed this yesterday; EA's deadline for its offer to acquire Take-Two has passed. Literally nothing happened. No comments from either side, no offers to raise the share purchase price or extend the deadline, no Mark-Gastineau sack-dances by Take-Two's board — in short, no comment from either side. All we can deduce is that fewer than 50 percent of Take-Two shareholders liked the bid of $25.74 per share. And since the stock closed at $27.10 Friday, that's hardly a shock. More »
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Canadian Playstation 3 gamers are getting a price drop on Playstation Network downloadable content by tomorrow due to the strengthening Canadian dollar, Sony Computer Entertainment of America said today. More »
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Two of Take-Two Interactive's biggest investors, Oppenheimer Funds and FMR LLC, drastically cut their shares in the company, Reuters reports, a sign of "shareholder unrest" that could be bad news for company management. After a rejected buyout offer from EA was made public, it helped boost the Grand Theft Auto publisher's stock price nine points in one day, making for some assuredly pleased stockholders. But now that Take-Two management have claimed the buyout terms "undervalue" the company, shareholders may be unwilling to wait for a dip in their investment. More »
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The seemingly inevitable acquisition of Take 2 by Electronic Arts is having an impact on more than just those two. The move, which comes only a few months after Activision teamed up with Blizzard, has set investors hearts aflutter at the prospect of further mergers/acquisitions, with the stocks of three troubled publishers - THQ, Atari & Midway - seeing huge gains (around 10% each) on the back of the EA/T2 news. While Phil Harrison might console himself with the thought it was rumours of his switch that propelled Atari's spike, the more probable explanation is that those are the three publishers most likely to be snapped up if a big buyer enters the gaming market. More »
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We've written quite a bit in the past day about Electronic Arts offer to buy out Take-Two, so some of you might be getting sick of the churn, but I think it's worth pointing out that EA did a call early this morning to reiterate their position on this whole thing. More »
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Nintendo stock today dropped to a seven-month low as Japanese stock plummeted for a second day in reaction to contracting U.S. service industries and fear of a recession. More »
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Nintendo stock rebounded 6.3 percent, or 3,200 yen, after the U.S. Federal Reserve yesterday cut its benchmark interest rate. More »
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Nintendo's fiscal year may not end until March, but with the year the company's been having chances are pretty good that the company could be announcing that they expect to do better than predicted in January. That's what happened at the beginning of this year and if doesn't happen again at the beginning of next year there's a chance that investors could be a little ticked, according to an anonymous Nintendo Stock Blogger. It's ironic that the companies success could lead investors to expect constant jumps in earnings. More »
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Nintendo stock spiked at 64,800 yen on Wednesday, an all-time high, on speculation that the company might be bumping up its earning forecast again. The stock dipped back down to 64,300 by closing, a 2.7 percent increase over the day, Reuters reports. More »
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I know this is short notice but I should be on CNBC in the next 15 minutes or so (by 7:30 p.m. Easter) to talk about Guitar Hero. More »
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When a group of upstart Take-Two stockholders ousted the company's CEO Paul Eibeler, it looked like they had the last laugh. Well, they probably forgot to take a look at Eibeler's separation agreement. More »
]]> http://kotaku.com/index.php?op=postcommentfeed&postId=249922&view=rss&microfeed=true Now don't get too excited, but Reuters is reporting that Nintendo's Satoru Iwata will be talking to the press in about 30 minutes about a revision to Nintendo's earnings outlook. More »
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Best Buy definitely owes each and every one of us a cookie. The retail juggernaut has reported its profits for the third quarter, seeing a double digit gain in entertainment software sales. This effectively makes gamers and gamer enablers responsible for 17% of their $8.5 billion revenue for the period, due in no small part to the new console launches. More »
]]> http://kotaku.com/index.php?op=postcommentfeed&postId=221554&view=rss&microfeed=true Without delving too much into my predilection to being anti-Sony (a predilection forged, not because I overly love the competition, but by constant mistakes and comments of alienating arrogance), a recent article in Wall Street Journal Asia painted a hugely bleak picture for Sony and their future. More »
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A blurb so short, we might as well just quote it: More »
]]> http://kotaku.com/index.php?op=postcommentfeed&postId=169963&view=rss&microfeed=true Nintendo's just been doing everything right lately and it looks like it's paid off for them. Bloomberg reports that Nintendo has earned it's highest year-long profit since 2001. More »
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