A while back, EA made a bid to acquire Take-Two, and ultimately nothing came of it. Well, almost nothing. According to All Things Digital, the Securities and Exchange Commission has busted an insider trading ring that included traders making bank on the failed deal. The SEC says that Matthew Devlin, formerly a Lehman Brothers broke, gained [...]
Continue reading...Thursday, December 18, 2008
When the world at large believes your product is vaporware, your company has never made a cent and your former chairman has been indicted by the Securities and Exchange Commission for promulgating a pump and dump scheme, it's going to be difficult to convince them that you're on the level. Especially when your company pays its [...]
Continue reading...Tuesday, November 4, 2008
Following a reported $310 million dollar loss and the adoption of a "cost reduction plan" that laid off nearly 600 employees, Electronic Arts CEO John Riccitiello told investors Thursday that while caution would be prudent in the short-term, he was bullish about EA over the long haul. "We're not saying the sky is falling," said Riccitiello. [...]
Continue reading...Friday, May 9, 2008
Reuters is reporting that Electronic Arts has secured a billion dollars in loans from Morgan Stanley, among others, in order to finance its ongoing efforts to acquire Take-Two Interactive. EA's bid, still standing firm at roughly $2 billion, has been on the table for three months now, and has seen increasingly bold tactics on both [...]
Continue reading...Thursday, February 28, 2008
The SEC has been investigating THQ since 2006 over allegations that the company was "backdating" their stock option grants to allow for higher sales prices, but they have decided not to recommend any action be taken against THQ. It is not clear at this time whether this is a positive finding, meaning they have ruled [...]
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Saturday, December 20, 2008
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