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BUSINESS
August 21, 2008 | From Times Wire Services
U.S. antitrust authorities dropped a probe of Electronic Arts Inc.'s proposed purchase of Take-Two Interactive Software Inc., a step that may let the video game makers move forward with talks. The Federal Trade Commission closed an investigation into whether a combination would be anti-competitive, the agency said.
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BUSINESS
September 3, 2004 | From Reuters
Gaming giant Electronic Arts Inc. will boost production of video games for mobile phones over the next nine months, bringing top-selling franchise "The Sims" and a 2005 version of "Fifa Football" to handsets, the company said Thursday. By mid-2005, EA will offer for download four mobile-phone game titles sold through most major mobile-phone operators in Europe, North America and Latin America, including Germany's T-Mobile, Britain's Vodafone and America's Verizon Wireless.
BUSINESS
February 3, 2006 | Julie Tamaki, Times Staff Writer
Electronic Arts Inc., best known for the Madden football video game franchise, has a problem with consumers sitting on the sidelines. EA said Thursday that its fiscal third-quarter profit fell 31% and warned of a tough 2006 in part because consumers are hesitating to buy software before new consoles hit store shelves. Gamers are waiting for Sony Corp.'s PlayStation 3 and Nintendo Co.'
BUSINESS
September 15, 2008 | Alex Pham, Times Staff Writer
Electronic Arts Inc. said Sunday that it had terminated talks to acquire Take-Two Interactive Software Inc., ending a nearly yearlong effort by the world's largest video game company to buy the publisher of the Grand Theft Auto franchise. The two companies had been locked in a standoff for months ever since Take-Two rejected EA's $2-billion offer as too low. Redwood City, Calif.-based EA said that it decided not to make another proposal after receiving a presentation from Take-Two's management and reviewing materials the New York company had provided.
BUSINESS
July 26, 2005 | From Bloomberg News
Electronic Arts Inc. received the rights to develop games based on J.R.R. Tolkien's "The Lord of the Rings" books. Electronic Arts already sells games based on the three movies made from Tolkien's stories. The expansion of the rights allows it to add characters and creatures that weren't in the films, the Redwood City, Calif., company said.
BUSINESS
April 29, 2008 | Alex Pham, Times Staff Writer
Bing Gordon, the chief creative officer at Electronic Arts Inc., will leave the video game company after 26 years to become a partner at premier venture capital firm Kleiner Perkins Caufield & Byers. As one of EA's first employees, Gordon helped shape the Redwood City, Calif., company's path to becoming the world's largest game publisher.
BUSINESS
October 3, 2001 | Alex Pham
Electronic Arts Inc. plans to announce that it will soon stop signing up new players via the Internet for its online game, Majestic. Beginning in November, new Majestic players must purchase a $39.99 disc containing Majestic and several applications needed to play the game, including AOL Instant Messenger and RealPlayer. More than 13,500 people now pay $9.99 a month to play Majestic, an online game containing five monthly episodes, sources said.
BUSINESS
September 20, 2008 | Alex Pham, Times Staff Writer
The consumer is always right. Electronic Arts Inc., stung by a siege of criticism from gamers who took issue with the copyright restrictions the company placed on its Spore game, issued an apology Friday and said it would loosen electronic locks on the game. Spore, one of the most hotly anticipated computer games of the decade, was released two weeks ago after more than six years of development.
BUSINESS
July 15, 2005 | From Reuters
Electronic Arts Inc. said it would delay the launch of "The Godfather" game, based on the book and movie of the same name, until the first quarter of 2006. The highly anticipated title was to be on sale in time for the Christmas holiday. But a spokesman for the company said the "Open World" interactive element that allowed characters to move freely through the game was not "quite ready." From Reuters * Microsoft Corp. reached an agreement to use Marvel Enterprises Inc.'
BUSINESS
March 29, 2008 | From Times Wire Services
Video game maker Electronic Arts Inc. extended its $2-billion hostile bid for Take-Two Interactive Software Inc. after Take-Two urged its investors to reject the offer. Electronic Arts pushed back the bid's expiration date by a week to April 18 after New York-based Take-Two moved its annual shareholder meeting to April 17. The offer also requires Take-Two to eliminate the poison pill it adopted this week, Redwood City, Calif.-based Electronic Arts said.
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