160°

Shareholder Sues Take-Two

A shareholder has sued Take Two Interactive because it allegedly kept the original take over offer from Electronic Arts secret and the company's executives used the offer as an opportunity to give themselves massive pay raises.

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next-gen.biz
decapitator5905d ago

Oh man, T2 is so gonna get bought. More suing when they just recently finished with Jack T ?

barom5905d ago

See what happens when shareholders involve themselves into these companies.

They break them. They got no love for games, only money. If they had love for both I wouldn't mind.

The Lazy One5905d ago

They increased their pay almost 5 times. That's rediculous considering they may not even get bought out yet. When considered as a cost to stock holders, the guy suing them has every right to be pissed.

Bladestar5905d ago (Edited 5905d ago )

hehe.. some things are innevitable... for example.. the negative reaction on people when told not to make extra money.... investors in general love companies takeover... since chances are that they shares will never get as high as what the buyer is paying... specially if one conciders the fact that very few shares (if any) in this industry pays dividents and the only way to make money is by selling the shares... Money talks... unless another company offers to buy them and over bid EA... this will happen... innevitable...

Tempist5905d ago

Whatever happened to principles and dignity over making a dollar?

Stubacca5905d ago

Take 2 has a great name. People respect it and they have done well for themselves as a company, recieving acclaim for their public relations and commercial successes.

At this rate, EA will own everything.

Bladestar5905d ago

LOL... are we talking about investment here?

Ok... fine... lol... I know many of you hate EA and Microsoft more than you hate the taliban, rapists, terrorism, and other serious evil crimes... and strangely may not be able to tell the difference...

you see.. microsoft and EA are not doing any of the above... simply selling software and games.... paying taxes.. and give lots of people employment... it's true that many of you have a console that you love and even a game studio... and you may like one game over the other...

"principles and dignity" ... lol... investors who don't even play games in many cases... can't really understand what you mean by that...

Stubacca5904d ago

@Bladestar

Principles and Dignity go hand-in-hand with making great games. What you have to understand my friend is that both EA and M$ follow the expand and expunge strategy to business. We all acknowledge that turning profit is the means to which creative outputs reach consumers. But EA and M$ are out of line.

M$ makes money off EVERYTHING you buy on X-Box Live.

And EA does the same for downloadable content that is ridiculously overpriced.

But we need both. Just don't love them so hard, you'll get herpes or something...

RecSpec5905d ago

I'm guessing the one behind this lawsuit is connected to EA somehow, there is no such thing as a "coincidence" in the business world.

90°

Former Dragon Age lead writer David Gaider pours scorn on EA's AI dreams.

"They want you to believe the devs under them are super stoked to work generative AI into their processes," continued Gaider, "but I assure you what they took as excitement was really a veiled wail of despair not unlike the time that team was informed of their new 'really cool' live service mandate.".

LordoftheCritics22h ago

Publishers see gaming as another stock market.

isarai21h ago

I think anyone with some common sense knew this, im glad i don't support their games anymore, what a sh!t company.

Psychonaut856h ago

Friends don’t let friends buy EA or Ubisoft.

Chocoburger5h ago

I said this yesterday. AI isn't what we want when it comes to crafting artistry. Alas, these soulless corporate morons don't care about their work, only about cutting corners as much as possible.

120°

Phil Spencer and the Battle for Xbox’s Soul

Has the rapid growth of Xbox made the ship too heavy? Following the closures of Tango Gameworks, Arkane Austin, and Roundhouse, we explore what the future of Xbox could look like.

LG_Fox_Brazil1d 3h ago

This ship was never meant to sail, this ship was made from the get go to sink as fast as possible. It almost feels that they want to lower the standards of quality in the industry so that they can fit in

rlow18h ago

I disagree, Xbox from the get go innovated and changed the industry. They did a lot of firsts and standardized a lot of others. It wasn’t till the beginning of the Xbox1 era that things started to go south.

Stevonidas4h ago

Yep, although I’d argue it started going to shit when they tried to hock Kinect on their audience instead of continuing to invest in their studios and IPs. 2001-2010 Xbox was peak gaming, though.

rlow13h ago

@Stevonidas
I agree they never should have focused on it after the 360 era. But you do have to remember they were faked out by the huge volumes of Kinects sold. To quote info on Wikipedia, “Project Natal, It was first released on November 4, 2010, and would go on to sell eight million units in its first 60 days of availability.” So if your Xbox and see these huge sales on a peripheral where are you going to put some money? Criticism in hindsight is worthless…..if only we could all see our future. In other wards they had no way of knowing. Plus they had engagement numbers and a lot of signs pointed to people wanting it.

Their biggest mistake wasn’t the Kinect, but unlike Sony after the PS3 debacle. They didn’t double on down on exclusive good games. The other huge mistake was letting Call of Duty go to Sony.

Hedstrom11h ago

Phil wants Xbox to be as soulless as him!

Tacoboto11h ago(Edited 11h ago)

Xbox has no soul and Phil has no confidence, and it's impossible to say either do when they killed Tango and Arkane Austin.

Everything they've said since has only made them look worse to a point that they're actually less competent than Embracer.

Markdn11h ago(Edited 11h ago)

Whe you release something like the series S and expect it not to hurt your business model, and developers have to have parity with games. Then you know Microsoft don't care. Series s is the final nail that broke developers,

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360°

Sarah Bond dodges questions on Xbox studio closures

While on stage with Dina Bass at The Bloomberg Technology Summit the President of Xbox, Sarah Bond, was asked about the Xbox studio closures of Arkane Austin, Tango Gameworks, Alpha Dog, and Roundhouse Studios

1d 20h ago
ApocalypseShadow1d 17h ago

Of course she did. She's part of the problem and will just tow the company line.

VenomUK1d 15h ago (Edited 1d 15h ago )

Bloomberg’s Dina Bass could barely read her scripted question without looking at her notes, whilst Sarah Bond who WAS expecting the question spoke without saying anything of substance or answering the question in any meaningful way. Clearly she’s had the same expert PR training as Phil, but this avoidance was disrespectful. In time the short-sighted decision to shut down Tango Gameworks will be seen as of the most notorious examples why Phil Spencer messed up his tenure in charge of Xbox. That’s a fully built out talented team that could’ve been put to work on any project.

Additionally, Phil Spencer should not be using Sarah Bond as a patsy for his mistakes- he should be answering that question.

gleepot1d 13h ago

I think you are all really overselling Tangos value. Hi-Fi rush was a lot of fun. Ghostwire was incredibly dull. Evil within 1 and 2 were just okay.

lucasnooker1d 12h ago

Evil within 2 was incredibly under rated. I thought that game was surprisingly good

NotoriousWhiz1d 9h ago

Someone else said it best. I don't think it was a Phil decision. It was most likely a Satya decision. I think Microsoft is done giving out free money to Xbox.

Cacabunga1d 6h ago

people please boycott Activision Bethesda next release and support Hellblade.
these people mus understand that they cannot treat their fans and employees that way.
scumbags.

+ Show (1) more replyLast reply 1d 6h ago
XiNatsuDragnel1d 15h ago

Yikes you don't help Sarah 😬 making a problem worse

Christopher1d 15h ago

She's playing her role. There's absolutely nothing any of them can say other than the truth, this is about profit margins and not quality, so they just don't answer anything and wait for gamers to forget.

shinoff21831d 4h ago

I think news is coming of more ps5 release but they gotta be careful cause Xbox is still sitting on store shelves. They can't get left holding all that stock

Lightning771d 3h ago

Come next month they'll flash nice looking games in our faces and expecting us to forget.

The only thing that'll be going through my mind at their showcase is how many of those studios will get shut down after release.

I'm not joking around either. MS probably expects every game to be like COD and do COD numbers. What a way to destroy gaming for the entire industry because they're dumb af at being realistic in what success means for each game.

-Foxtrot1d 2h ago

Always feels she was brought in / promoted for this. Happened just before things started to be out in motion.

Phil and co have someone to throw under the bus and share the blame with

zaanan1d 5h ago

Meet the new boss, same as the old boss

darthv7220h ago

....won't get fooled again

Hofstaderman1d 15h ago

Like a deer caught in the headlights.....

notachance1d 15h ago

I always wondered why xbox had multiple leaders with similar titles like Phil Spencer, Matt Booty, and Sarah Bond, like, how many heads do you actually need?

Seems to me it would be more cost efficient to cut 2 of them instead of all those studios.

DarXyde1d 14h ago

Frankly, I suspect she is the most competent of them. I don't mean that I like her more, I mean that she's the best at articulating herself and giving the talking points MS wants to give. The others are starting to sound more like her than her sounding like any of them.

Are any of these people "responsible" for what's happening? No. This reeks of Nadella. But that being said, I don't see any of the Xbox heads stepping down in protest.

"Don't shoot the messenger", sure, but at the same time, the messengers don't seem to take umbrage with the message. Not enough to remove themselves from it, anyway.

CS71d 2h ago

I disagree. Nadella is looking for profit as a CEO should in my opinion.

The problem is Dr. Phil & Co. had 10 years to bring Xbox back on track and have been failing woefully.

Phil needs to sell to Nadella that if we are to make a profit, we need to make great games. And to do that we need employees here for the long haul and the freedom to work on creative projects.

But as Phil said himself he doesn’t believe great games sell consoles.

RpgSama1d 7h ago

Dude, 100%, forgot Major Nelson and Aaron Greenberg, like what is the point for all these suits? They have more C-level executives than games released in a generation.

This is just so they can all pass along the hot potato one at a time and in between all of them can say a lot without actually saying anything, misinformation at its finest.

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