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Electronic Arts, Inc (ERTS)

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Electronic Arts, Inc (ERTS)
EA proposes to buy Take 2 for two billion dollars

Yahoo - February 24, 2008


Submitted by llonesmiz (122) at 11:40AM PST on February 24, 2008


Electronic Arts Proposes to Acquire Take-Two Interactive Software for $26 Per Share in Cash, or Approximately $2.0 Billion
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41
Electronic Arts, Inc (ERTS)
EA Buys Bioware & Pandemic

IGN - October 11, 2007


Submitted by Animate (6) at 2:22PM PST on October 11, 2007


"Electronic Arts announced today that it has purchased the holding company that owns BioWare [Mass Effect] and Pandemic Studios [Mercenaries 2]. The acquisition will cost EA about $775 million, which includes a $650 million cash payment to the stockholders of VG Holding Corp., which directly owns the two developers, and an additional $155 million in equity to select VG employees. As part of the agreement, EA said it plans to lend up to $35 million to the company through the closing of the deal, expected in January. EA will also assume outstanding VG Holding Corp. stock options. VG Holding is owned by Elevation Partners, which invested $300 million in BioWare and Pandemic in November 2005, creating one of the world's best-funded and largest independent game development houses."
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32
Electronic Arts, Inc (ERTS)
PlayStation 3 Development Still Problematic For EA

Kotaku - January 31, 2008


Submitted by lstormy10 (59) at 8:27PM PST on January 31, 2008


"In today's EA investor conference call, CEO John Riccitiello was asked by analysts whether the company's PlayStation 3 development process had caught up with its Xbox 360 development process, an issue that had led to delays at a number of publishers. 'Not quite,' Riccitiello said, adding 'There's no doubt that Electronic Arts, along with many other publishers, had some challenges essentially meeting the technical specifications effectively on the PlayStation 3.' "
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31
Electronic Arts, Inc (ERTS)
EA cutting prices on sports games.

Forbes - November 13, 2007


Submitted by kspraydad (106) at 9:23AM PST on November 13, 2007


Analysts said Tuesday that video game maker Electronic Arts Inc. is cutting prices on sports games, which the analysts said is a bad sign going into the holiday season. The games affected include important sports titles such as "NBA Live 08," "Madden NFL 08" and "Tiger Woods PGA Tour 08."
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30
Electronic Arts, Inc (ERTS)
Sequels are Dull & Threaten Industry says EA

Next Gen Biz - July 9, 2007


Submitted by rikitikitik (64) at 4:15AM PST on July 9, 2007


John Riccitiello, CEO of Electronic Arts, challenges software publishers and developers to offer more innovative titles. He says that sequels and rehashes are "boring people to death and making games that are harder and harder to play."
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29
Electronic Arts, Inc (ERTS)
(EA-Take2)AN OPEN LETTER FROM JOHN RICCITIELLO

EA - February 24, 2008


Submitted by llonesmiz (122) at 12:36PM PST on February 24, 2008


I'm pleased to announce that EA has made a proposal to acquire Take-Two. We've issued a press release that explains why the deal is attractive for the shareholders of both Take-Two and EA. Now I want to share some perspective on why it would be good for the people who make Take-Two's games and, just as important, the people who play them.
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29
Electronic Arts, Inc (ERTS)
EA Shares Hit 52-week High

nexgen - October 14, 2007


Submitted by vobbo (131) at 1:48PM PST on October 14, 2007


Stock rose $2.48 in morning trading to $61.17, following yesterday’s announcement that EA would beat its Q2 revenue and earnings guidance.
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25
Electronic Arts, Inc (ERTS)
EA Revs Hit $3.7 bln, Posts Net Loss

Next-Gen.biz - May 13, 2008


Submitted by tyrile (118) at 2:23PM PST on May 13, 2008


Electronic Arts has posted hefty sales of $3.67 billion for its full fiscal year, but net loss for the year was $454 million, down from net income of $76 million a year ago.
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25
Electronic Arts, Inc (ERTS)
EA reports 15 double platinum titles in 2008

GameIndustry - May 13, 2008


Submitted by tyrile (118) at 2:25PM PST on May 13, 2008


The company reported that 15 of its titles had hit double platinum, selling more than 2 million copies each, a figure that was up from 10 for the 2007 fiscal year.
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25
Electronic Arts, Inc (ERTS)
EA scraps Madden '09 on PC

Joystiq.com - April 2, 2008


Submitted by vGInfidel (27) at 5:39PM PST on April 2, 2008


Peter Moore has revealed EA's cancellation of Madden '09 on PC, citing "serious business challenges" in releasing sports titles on home computers. The title will still appear on PS3, Xbox 360, Wii, PS2, DS and PSP, leaving PC Madden fans feeling a bit left out. Moore notes that Madden '09 is not the only PC title receiving the axe, and that it represents a larger decision by EA Sports to cut back on their number of PC releases.
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