erts
| 8:00AM 9/02/2009
In February 2008, Electronic Arts (ERTS) offered to buy Take-Two Interactive (TTWO) for $2 billion, about $19 a share. EA later raised the offer to $26. Take-Two management thought it could do better and EA let the offer expire in August of that year.
The transaction would have made sense for both...
| 3:00PM 8/14/2009
Before his recent retirement, NFL color commentator John Madden had a knack for making the most boring football games seem interesting. The video game industry is betting that his enthusiasm will help fuel sales of the video game that bears his name.
Madden, who was a Super Bowl-winning coach of...
| 5:50PM 8/04/2009
The largest video game company, Electronic Arts (ERTS), reported quarterly earnings after the bell today. Reduced losses juiced investors who sent shares up roughly a five percent over the course of the day and into the aftermarket (shares were still moving around after the bell, but retreated...
| 8:00AM 7/14/2009
BioShock is an insane video game. It takes place in the underwater city of Rapture. The player gets to fight denizens of the metropolis using a wide array of weapons. Part of the fun of the game is setting opponents on fire. Perfect violence. The kind of game you can play all day.
Take-Two...
| 8:30AM 5/29/2009
Video games played on consoles from Microsoft (MSFT) and Sony (SNE) are not selling very well. The economy is slow and even sales of the consoles themselves are falling.
Electronic Arts (ERTS) has watched its earnings slide because of the overall slowing in industry sales. But the large video game...
| 4:00PM 5/14/2009
Add old-fashioned phone lines, known as land lines, to the list of soon-to-be-extinct things that still have plenty of value.
Verizon (VZ) agreed to sell 4.8 million land lines to Frontier Communications (FTR) for about $8.6 billion in stock and cash yesterday. Verizon wants to focus on its...
| 6:00PM 5/05/2009
Apple (AAPL) may want to buy Twitter for as much as $700 million, Valleywag is reporting. And CNBC's Fast Money panelist Guy Adami said Apple is "eyeing" Electronic Arts (ERTS).
First, the Twitter story. Gawker's Valleywag says a "source who's plugged into the Valley's deal scene and has been...