News Archive: Business
In this section you can look back on older stories that have appeared either recently as listed in order of most recent below, or using the calendar to navigate and look at certain dates.
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15th May, 2008
CBS purchases CNet for $1.8 billion
CBS Corporation has agreed to purchase CNet for $1.8 billion - a 45 per cent premium on its most recent share price
SEGA signs deal with Platinum Games
A multi-game publishing agreement has been reached with ex-Capcom developers
MS games not suitable for handheld, says Kim
Microsoft Game Studios' corporate VP Shane Kim says he is "very happy" it hasn't made a handheld games console
Court orders Nintendo to pay $21m
Company found guilty of patent infringement while designing a range of controllers
12th May, 2008
GamesIndustry.biz launches Network
GamesIndustry.biz has launched a networking tool allowing industry professionals to connect with each other
EA to acquire Rupture for $30 million?
Report suggests publisher swoops for Napster founder's MMO site
Zune sells 2 million units
The MP3 player has sold two million units to date, revealing a flat sales growth
9th May, 2008
Codemasters secures Formula 1 licence
Multiformat titles promised from DIRT and GRID publisher, first game in 2009
THQ's Marvel deal will fill gap left by Pixar - analyst
Will likely lead to more deals, says Pachter, but Marvel will continue with multiple partners
Real's casual games business to go independent
Gaming division to separate from RealNetworks with shares of the new company being apportioned to previous shareholders
8th May, 2008
Netherlands' gaming industry hits EUR 1 billion
NLGD expects the figure to continue to rise to EUR 1.2 billion this year
THQ signs new deal with Marvel
The publisher has obtained the exclusive rights to the Marvel Super Hero Squad brand
7th May, 2008
Specialmove appoints programming specialist
The UK-based games industry consultancy firm has hired a recruitment specialist for programming
THQ to cut 200 jobs
CEO Colin Slade says cost cutting and restructuring are needed to recover from recently reported losses
Hirai apologises for PS3s "difficult" first year
Humble president acknowledges disappointment of Home delay, but says 2008 will deliver key titles
4th May, 2008
Microsoft ends Yahoo takeover attempt
Microsoft has ended its bid to acquire Yahoo after an increased offer worth $47.5 billion was rejected
2nd May, 2008
GTA IV success vindicates EA share snub - Zelnick
But EA says USD 2 billion offer takes into account stock fluctuations
1st May, 2008
Gamer TV ends production
Videogame TV producer will shut down following a decision by brand owner IMG
GAME chairman sells £2.28m worth of shares
Peter Lewis sells 850,000 ordinary shares following retailers record profits
Kongregate receives $3m in investment
The games site hopes to grow and capitalise on the attention span of its audience
Infogrames acquires Atari Inc for $11 million
Infogrames has agreed to acquire Atari Inc and has committed to lend the publisher $20 million to fund operations
