Latest Front Page News

Bethesda Parent Company Purchases id Software

Submitted by: KnightMare @ 11:09 AM | Wednesday, June 24, 2009 | (url: http://www.giantb...)

ZeniMax Media, the parent company of Fallout 3 publisher Bethesda Softworks, has acquired id Software, according to a press release issued this morning. Said release states that no changes will be made to the way id operates, and that John Carmack will continue to serve as the company's technical director.


Gamefly Buys Shacknews

Submitted by: KnightMare @ 02:44 PM | Wednesday, February 4, 2009 | (url: http://www.shackn...)

Online rental hub GameFly today announced that it has acquired independent video game website Shacknews.

As part of the deal, GameFly has purchased all related Shacknews destinations, including FileShack. The company plans to maintain the Shacknews editorial staff and direction, and pledged to bolster the site with additional resources.

"GameFly has demonstrated a true understanding of and commitment to Shacknews' gaming culture," said Shacknews founder Steve Gibson, who added that the decision to sell the company was not based on financial problems.


CBS buys CNET for $1.8 Billion

Submitted by: KnightMare @ 09:35 AM | Thursday, May 15, 2008 | (url: http://www.news.c...)

CBS has agreed to acquire CNET Networks in a deal valued at $1.8 billion, the companies said Thursday.

The purchase price comes to $11.50 per share, representing a 44 percent premium over Wednesday's closing price of $7.95.

The acquisition will make CBS one of the 10 most popular Internet companies in the United States, with a combined 54 million unique users per month, and about 200 million users worldwide, the companies said.

The deal is expected to close in the third quarter. CNET's board has unanimously approved the deal, the company said.

Category: Technology | 1 Comments
Tags: buyout cbs cnet

EU approves Google-Doubeclick merger

Submitted by: KnightMare @ 02:11 PM | Tuesday, March 11, 2008 | (url: http://www.baynew...)

- European Union regulators cleared Google Inc.'s $3.1 billion bid for online ad tracker DoubleClick, saying the deal will not hurt competition for online ads.

Critics have complained the deal would give Google too much power.

But the European Commission said Tuesday it found no proof that Google and DoubleClick would be able to squeeze out competitors. That is because Microsoft, Yahoo and AOL provided "credible" alternatives for placing ads on Web sites.

The commission says Google and DoubleClick are not currently rivals. It says Google's purchase even of a potential competitor would not hurt competition in the online ad market.


Yahoo Board to Reject Takeover Bid

Submitted by: KnightMare @ 02:53 PM | Saturday, February 9, 2008 | (url: http://www.nytime...)

Yahoos board of directors plans to reject Microsofts $44.6 billion hostile bid with a letter Monday saying the offer undervalues Yahoo, a person familiar with the matter said Saturday.

The decision to reject the bid was taken following a board meeting Friday in which directors explored ways in which to respond to Microsofts week-old bid. The board heard presentations from Yahoos management and its bankers, according to people familiar with the discussions. Several people argued that the company was worth more than what Microsoft offered, this person said.

The board was also presented with various options for maintaining Yahoos independence, including an advertising partnership with Google that could improve Yahoos bottom line, this person said.


NVIDIA buys AGEIA (PhysX)

Submitted by: KnightMare @ 07:31 PM | Monday, February 4, 2008 | (url: http://www.nvidia...)

It's official. NVIDIA Corporation today announced that it has signed a definitive agreement to acquire AGEIA Technologies.

AGEIA Technologies, Inc., the industry leader in gaming physics technology. AGEIA's PhysX software is widely adopted with more than 140 PhysX-based games shipping or in development on Sony Playstation3, Microsoft XBOX 360, Nintendo Wii and Gaming PCs. AGEIA physics software is pervasive with over 10,000 registered and active users of the PhysX SDK.


Yahoo to team up with Google instead?

Submitted by: KnightMare @ 07:09 AM | Monday, February 4, 2008 | (url: http://www.reuter...)

Yahoo Inc would consider a business alliance with Google Inc as one way to rebuff a $44.6 billion takeover proposal by Microsoft, a source familiar with Yahoo's strategy said on Sunday.

Yahoo management is considering revisiting talks it held with Google several months ago on an alliance as an alternative to Microsoft's bid, that source said. At $31 a share, Yahoo believes the bid undervalues the company, two sources said.

A second source close to Yahoo said it had received a procession of preliminary contacts by media, technology, telephone and financial companies. But the source said they were unaware whether any alternative bid was in the offing.


Microsoft bids $44.6B for Yahoo

Submitted by: KnightMare @ 06:10 AM | Friday, February 1, 2008 | (url: http://edition.cn...)

Technology giant Microsoft said Friday it had offered to buy Internet search engine operator Yahoo with a cash and stock bid worth $44.6 billion.

In a statement, Microsoft CEO Steve Ballmer said the offer would enable both companies to "compete in the online services market" and would mean "better choice and innovation" for customers and industry partners.


BioWare chomped up by EA

Submitted by: xgalaxy @ 04:39 PM | Thursday, October 11, 2007 | (url: http://www.gamasu...)


Electronic Arts has announced an agreement with Elevation Partners to acquire BioWare and Pandemic parent company VG Holding Corp for $620 million plus an additional $190 million in other charges, bringing the 800 employees of the companies under the EA Games wing.