News Posts matching "Take-Two"

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New On-Demand Gaming Platform Threatens to Kill Gaming PC Upgrades

We all regard PC games, as an entertainment medium, but spend hundreds to even thousands of Dollars regularly, to keep our PCs up to date, to be able to play the latest PC games. Imagine a medium that rids us of that, and we are able to consume PC gaming like any other content, like the TV or radio. Well, that the potential a new on-demand gaming platform holds – to make you never have to buy/upgrade a gaming PC again.

Called OnLive, the on-demand platform consists of a web service, an internet connection, and a thin-client, called “micro-console” that connects your input (game controllers), and output (monitor/TV/HDTV). You control the game – whichever you’re subscribed to and playing – the client relays your input to the OnLive servers, that do the processing, including graphics rendering, and send back output to your client. The client then displays the output. Sounds familiar? Cloud computing? Exactly, but for PC gaming. The platform is conceptualized to be advanced-enough to handle any of today’s games, Crysis included. The work-model of this platform is what makes it tick with any game, and is far more future-proof than the present mode of PC gaming (where people own expensive hardware that are in requirement of upgrades, the costs of buying games, buying gaming services separate).

For standard definition television quality, a broadband connection of at least 1.5 megabits per second is required. For HDTV resolution, a connection of at least 5 mbps is needed. The service uses patented algorithms that work to counter lag caused by network constraints. The technology is already gaining attention from major publishers, including EA, THQ, Codemasters, Ubisoft, Atari, Warner Bros., Take-Two, and Epic. People can buy or rent a game to play it, the usage fees are expected not to be much more than the subscription fees for Xbox Live.

Source: Kokatu

EA Further Extends Expiration Date for Take-Two Offer to June 16, 2008

Game publisher Electronic Arts said it is extending its tender offer for Take-Two Interactive Software to to 11:59 p.m., New York City time, on Monday, June 16, 2008, unless further extended. This is the third extension in EA's buyout attempt, previous offer was set to expire on May 16, 2008. EA, which first proposed to Take-Two in late February this year, said despite the extension, it's current offer remains the same.
EA's offer price remains unchanged at $25.74 per share and our offer is still subject to conditions that include regulatory approval. As stated earlier, we retain the right to terminate the offer if the conditions are not satisfied.
said Owen Mahoney, Senior Vice President of EA Corporate Development.Source: bit-tech.net

Take-Two Suggests PlayStation 3 (PS3) GTA IV Fix

In connection with the numerous reports of Grand Theft Auto IV freezing up on some PlayStation 3 consoles, Take-Two's technical support today posted a 12 step remedy that should fix the problems. Sony also confirmed the existance of the freezing issues with GTA IV and said that it is working with all concerned parties to pin down and fix the issue. The 12-part workaround response follows below the Read full story marker.

Manhunt 2 to go on Sale in the UK

Following months of disputes between Rockstar Games and the British Board of Film Classification (BBFC), the Video Appeals Committee has finally given the go-ahead for Manhunt 2 to go on sale in the UK. The BBFC originally refused to give the game an age rating, essentially preventing it from being sold within the UK, feeling it was too gory for children and ‘vulnerable adults’. However, having taken the matter as far as the English High Court, Rockstar has now been given permission to sell the title with an 18 certificate.Source: Reg Hardware

EA Launches Hostile Takeover Bid for Take-Two

Following failed talks with Take-Two’s management, games developer Electronic Arts has instead decided to directly approach shareholders with its takeover bid. EA has kept its offer at $26 per share, which would give the deal a total value of around $2 billion. EA’s CEO, John Riccitiello, said:
This is a great opportunity for Take-Two shareholders. We believe Take-Two investors will see our tender offer as the best way to maximize the value of their investment in Take-Two. This tender offer provides a clear process to complete the proposed transaction. For EA shareholders, the combination would add additional intellectual properties to our already strong portfolio and welcome Take-Two's talented creative teams to the great development organization we've built at EA.
Take-Two has issued a notice to all of its shareholders urging them not to accept the offer, but EA has set a deadline of 11th April – two weeks before the release of the eagerly awaited Grand Theft Auto IV.Source: DailyTech

EA Proposing Takeover Bid for Take-Two

Given EA’s somewhat criticised reputation for takeovers (Bullfrog and Westwood come to mind), Grand Theft Auto fans may not be best pleased to hear that EA is now making a bid to acquire Take-Two Interactive. Take-Two has a number of major subsidiaries, with some of the best known being developers Rockstar and Firaxis, responsible for the GTA series and Sid Meier’s more recent games such as Civilization IV; along with publisher 2K Games. The company is also responsible for other well-known titles such as Manhunt and Bioshock. EA is offering $26 per share, giving the merger an approximate value of $2.5 billion. The full press release can be read here, and you can read on to see a statement posted by EA’s CEO, John Riccitiello.

GTA Delays Could Put Take-Two in Financial Trouble

It looks like the delays involved in developing GTA IV could be causing some financial trouble for publisher Take-Two interactive. Grand Theft Auto IV, which is the latest instalment in the company’s most successful series of games, was originally scheduled to be released in October this year, however it has since been pushed back to next year to give Rockstar Games (the division of Take-Two responsible for developing GTA) enough time to finish it. At the start of the year, Take-Two had around $138.15 million in cash, which had fallen to $61.62 million by the end of July. However, last month the company increased its five-year revolving credit facility up from $100 million to $140 million, and given the rate it’s been losing money it could soon find itself drawing upon that facility. As a result, GTA IV is being hinted at as a make-or-break game for Take-Two, so the company will be hoping for no more delays.Source: TheStreet.com

Manhunt 2 Revised for Release in US

Manhunt 2 by Take-Two and Rockstar has finally been granted an "M" for Mature rating by the ESRB. The game was toned down after it originally earned an "AO" for Adults Only rating, which many stores refuse to carry. The game is now back on schedule to be released October 31st in the US on the PlayStation 2 and Wii.

Source: neoseeker

2K Games Announces Mafia 2

2K Games, a publishing label of Take-Two Interactive Software, today announced that it will publish Mafia 2, a sequel to the original Mafia title that sold more than two million copies worldwide and helped popularize the gangster genre. Featuring a deep mobster-driven narrative packed with both behind-the-wheel and on-foot action, Mafia 2 is the sequel fans have been clamoring for. The game is being developed by Illusion Softworks, developers of the original Mafia title, for next generation consoles and Games for Windows. Like the original Mafia title, Mafia 2 immerses players in the mob underworld of a fictitious late 1940's-early 1950's scenario. For more information on Mafia 2, please click here.Source: Take2 Interactive

Take-Two Delays Grand Theft Auto IV

Due to technological challenges in completing the game, Take-Two Interactive Software Inc on Thursday delayed its most important upcoming video game, Grand Theft Auto IV. The game, which had been scheduled for release in October, is now planned for release in the second quarter of Take-Two's fiscal 2008. That means it will not be on store shelves in time for the holidays, dealing a blow to Microsoft Corp and Sony Corp, who had been banking on the must-have title to help lift sales of their respective gaming consoles, the Xbox 360 and the PlayStation 3.
It's a disappointment that the game won't come out in the holiday period. It's one of the biggest games of all time,
said Janco Partners from Take-Two.Source: Reuters
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