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Posts tagged Bloomberg

Bloomberg: Mojang's Notch 'unlikely' to stay on after MS buyout

If Microsoft's reported attempt to buy Mojang is successful, a Bloomberg source says founder and owner Markus "Notch" Persson is "unlikely" to stay on at the Swedish studio afterwards. According to the source, which Bloomberg notes as a person "familiar with Microsoft," the two companies are finali...

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Bloomberg: Microsoft may lay off thousands, Xbox marketing teams affected

A new Bloomberg report claims Microsoft is on the verge of its biggest round of layoffs since 2009, when more than 5,000 employees lost their jobs. The job cuts could go on to top that figure, according to Bloomberg's sources, making it the biggest round of layoffs in the company's history. The ...

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Bloomberg: Microsoft to create its own TV programming for Xbox Live

Microsoft's streaming television service in the US is still in its infancy, but the company reportedly has plans to greatly expand it in the coming months, even introducing its own programming. Bloomberg reports that Microsoft is currently on the hunt for a television exec to handle said original...

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Midway mystery man Mark Thomas settles with creditors, receives $5 mil

We'll be straight with you -- the whole Midway legal debacle is far from over. We are, however, one step closer to the dissolution of Midway as it stands now, with the company's creditors and 87% shareholder Mark Thomas reaching an agreement and ending at least one lawsuit. After purchasing the st...

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Hudson expects explosive growth from Wii

Konami-owned (54% actually) Hudson Soft Co. plans to quadruple profits over the next three years by focusing on titles for the Wii. Bloomberg reports that incoming president, Michihiro Ishizuka, expects to hit an operating profit of $97 million by March of 2011. Hudson will release eight titles fo...

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Bloomberg: Persona 4 dev sticks with PS2

Already finding critical and commercial success with Persona 3 on a noticeably last-gen console, it looks like developer Atlus doesn't see any reason to jump ship for the sequel. An article at Bloomberg Japan (via Siliconera) listing upcoming Atlus titles has Persona 4 coming next fiscal year for t...

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Ex-Nintendo chairman now Japan's third wealthiest

Hiroshi Yamauchi, former chairman of Nintendo's board of directors and the company's president prior to Satoru Iwata, is now the third wealthiest person in Japan, according to Forbes. Yamauchi reportedly has a net worth of $4.8 billion. On Forbes' list of the 40 richest Japanese, Yamauchi is noted f...

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MS knows console price sweet spot, they aren't going there

Last week, Bloomberg.com had an article which dropped a bunch of quote bombs from top Xbox executives. One of the quotes was David Hufford, Xbox's director of product management, saying, "We are well aware that the sweet spot of the market is really 199 bucks.'' At the time, we said knowing and doin...

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Record loss for Sony predicted -- PS3 to blame?

The question in the subject line isn't really a question. The PS3, according to Bloomberg, is directly to blame for what's to be known as the biggest quarterly loss for Sony in four years. Pat yourself on the back, PlayStation 3. You're like that college student who keeps asking your parents for boo...

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Record loss for Sony predicted by Bloomberg

Sony could be posting a net loss of ¥75.8 billion (US $630 million), its biggest in four years, in the fiscal quarter that ended March 31, according to Bloomberg. The financial publication took a median estimate culled from 11 surveyed analysts. Five of the analysts expect the games division, ho...

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