Tecmo Wooed In Takeover Bids

AUG. 28, 2008 • Square Enix announced a friendly takeover bid for Tecmo. The former would purchase a majority of Tecmo stock for ¥920 ($8.60) a share, a premium over the ¥708 ($6.62) Tecmo shares were trading at. The offer was made after legal difficulties had forced Tecmo’s president to resign. Square Enix said it would operate Tecmo under a holding company, and would allow the latter’s management and identity to remain intact. On Sept. 4, Tecmo rejected the offer, and said i.....

Wii First to 1 Million Sold

AUG. 26, 2008 • The Wii becomes the first current-generation console to pass the 1 million-sold mark in Canada, according to NPD Funworld data. Coming in second was the Xbox 360 at 870,000, and the PS3 selling 520,000. Five of the Top 10 selling titles in Canada during May were Wii games, and three more were DS t.....

Ads Tip Off 360 Price Cut

AUG. 26, 2008 • Best Buy, Target, Wal-Mart and Radio Shack retail advertisements confirm an Xbox 360 price cut taking place in the United States. on Sept. 7. New MSRPs for the Arcade, Pro and Elite SKUs after the reduction are $199, $299 and $399. Impact: Price cuts are always very welcome and should definitely  result in a short-term sales increase for the Xbox 360 that will probably carry through the holiday season.  Our concern,.....

Nintendo NEX Latin America 2008

AUG. 21, 2008 • At Nintendo NEX Latin America 2008, a conference held in Playa Bonita, Panama, Nintendo vice president of sales and marketing Cammie Dunaway stated that Latin American sales are 50% higher than last year. The gamemaker says two top Latin American markets for Nintendo are Mexico and Brazil. Bill van Zyll, in charge of head of Nintendo’s Latin America business, told Reuters that the region’s video game market could be worth $2 billion this year. .....

EA Cancels Take-Two Bid

AUG. 18, 2008 • After months of active pursuit, Electronic Arts canceled its hostile $2 billion takeover bid of Take-Two Interactive. Executives of both firms continue to negotiate though. Take-Two executive chairman Strauss Zelnick has agreed to share its three-year product pipeline and financial forecasts to EA to further discussions. Impact: As soon as Electronic Arts withdrew its hostile tender offer, Take-Two was quick to indic.....

Funcom and Age of Conan

AUG 17, 2008 • On May 20, 2008 one of the most anticipated online games of the year was released by Funcom, Age of Conan: Hyborian Adventures. Conan was highly anticipated and got off to a quick start. After only a week, Funcom issued a press release claiming over 400,000 gamers had entered the game. But, alre.....

Xbox 360 Outsells PS3 in Japan

AUG. 15, 2008 • Thanks to the popularity of Namco Bandai’s Tales of Vesperia in Japan, the Xbox 360 outsold the PlayStation 3 2.5-to-one. For the week ending Aug. 10, Xbox 360 sales jumped from 5,359 units to 24,962 units according to Media Create.  Sales of Tales of Vesperia for the week were 108,000 units. The Wii sold 58,501 units during the week. Impact: It is surprising that the Xbox 360 could get any kind of bump in Ja.....

Fewer ATVI Shares Tendered

AUG. 13, 2008 • Despite current market share prices higher than the price guaranteed to Activision Inc. shareholders prior to the Activision Blizzard merger, Continental Stock Transfer & Trust Co. advised Activision Blizzard that 86,000 shares had been properly tendered. That number, in the amount of $2.37 million, i.....

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