Take-Two Interactive has announced their intentions to remain an independent company, according to a Reuters report this morning.
“Take-Two’s Board of Directors has determined that it is in the best interests of stockholders to conclude its review of strategic alternatives and to continue operating and building Take-Two as an independent company,” the company said.
Electronic Arts recently [...]

GameStop announced this morning that they have reached an agreement to acquire Micromania, France’s leading video game retailer. In the deal, GameStop will acquire the chain’s 332 stores in the country, giving the company a presence in France they didn’t have before.
“As we have accelerated our growth in Europe over the years, we have kept [...]

Former EA Chicago employees Joshua Tsui, David Michicich, and Peter Sauerbrei announced today with industry vets Nick Ehrlich and Richard Ho the launch of their new game development studio, Robomodo. In addition, they also unveiled that they will be working on a new multiplatform title that will be published by Activision.
“At Robomodo we are dedicated [...]

The video game industry has been dubbed “recession proof” from a number of analysts, but even they felt the blows of yesterday’s huge market losses. With the Dow Jones average dropping 777 points (the largest one-point drop in history), a number of publishing heavyweights were affected as well.
Share prices of Activision Blizzard fell 13.8 percent [...]

Abyssal Technologies announced this afternoon that their new game engine, the Abyssal Engine, is now available for licensing. The engine is available for commercial and independent developers alike, and can be utilized on a number of genres thanks to its tool kit and rendering engine.
“We are delighted to be able to offer a professional, extensible [...]

Google’s made some rumblings in the past about wanting to be involved in the video game industry, but this one definitely takes the cake if it turns out to be true. The Inquirer’s Charlie Demerjian is reporting that the internet giant is getting ready to purchase Valve Software, and that it will apparently happen “any [...]

After months of courting Take-Two, Electronic Arts tonight confirmed tonight via investor press release that they won’t create another proposal for the company and have terminated discussions as well.
“EA is tracking toward a record breaking year,” said CEO John Riccitiello. “We’re launching 15 new games including award-winners like SPORE, Dead Space and Mirror’s Edge, great [...]

NCsoft today confirmed reports of consolidation within the company with the announcement of their new NC West subsidary. The new juncture will combine the company’s United States and European groups, as well pave the way for the release of some of the latter’s staff.
The company will be led by CEO Chris Chung, President of Product [...]

Earlier today, developer Psyonix Studios announced that they have licensed Epic Games’ Unreal Engine 3 technology for its upcoming PlayStation Network title, Supersonic Acrobatic Rocket-Powered Battle-Cars.

“We’ve been working with other studios using Unreal technology for years now,” says Psyonix Studios development director Dave Hagewood. “I’m very proud to be licensing the engine for our first [...]

Organizers of Games Convention Asia announced this morning that Lionhead Studios’ Peter Molyneux will be presenting the keynote speech at this year’s event.
“Pushing the boundaries of interactive entertainment is something I’m very passionate about - it’s been the focus of much of my career,” said Peter Molyneux. “It is an honour to be a part [...]