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Posts tagged sec

Interplay still out of money

It seems that selling off the Fallout IP hasn't reversed Interplay's fortunes -- nor has ... planning to make a Fallout MMO. According to a recent SEC filing, the publisher ended 2008 completely broke. But don't worry! Interplay has a plan: Get more money from somewhere. "We continue to seek...

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Interplay may lose its license to make Fallout MMO

Well, folks, it's been two years -- two years and 12 days, actually. And now, because Interplay may or may not have entered into "full scale development" of the Fallout MMO it was beholden to start making by, oh, say, 12 days ago, Bethesda Softworks has, unsurprisingly, asked for its property back....

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Red Mile CEO steps down, ex-pres takes top spot

In these trying economic times, we've spent more time than we'd like writing up story after story about layoffs and business (or lack thereof) -- this is a site about video games, right? Fortunately for us, today's tale revolves around the ol' corporate musical chairs routine rather than a bunch...

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Take-Two settles for $3M over old SEC investigation

Take-Two has agreed to settle for $3 million in a stock-option backdating scheme conducted by the company over a decade ago -- by folks that were punished and haven't been part of the company in years. Take-Two announced years ago that it would pursue the settlement route, accepting the corporate...

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Harry Potter delay cost EA $120m this year

Profitus Reducto! In an SEC filing yesterday, Electronic Arts revealed exactly how much stock it put in the Harry Potter and the Half-Blood Prince game, which was delayed until Summer 2009 alongside the movie (both were originally slated for November 2008): The publishing giant was expecting the...

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EA, Take-Two take buyout talks behind closed doors

The ongoing drama of who's eating who between mega publishers Electronic Arts and Take-Two has finally been taken behind the curtain, where it should have been all along. After coming to some measure of understanding, the companies have jointly signed a confidentiality agreement, agreeing not to...

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Take-Two: More companies want to buy us

Like that hot catholic school girl with a penchant for acting tough, everyone seems to want a piece of Take-Two these days. The Associated Press is reporting on a recent SEC filing in which the company reveals its been approached with a few "informal indications of interest in a business...

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Probed: THQ is clean, cleared by SEC

The United States Securities and Exchange Commission has closed its investigation of THQ's stock option grant practices and will not recommend any charges against the publisher. The SEC probe began in August 2006 amidst a flurry of similar examinations that targeted the likes of EA, Take-Two and...

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SEC considering charges against Take-Two

The US Securities and Exchange Commission has sent publisher Take-Two a Wells notice, which indicates that the agency is considering filing charges and pursuing a "civil monetary penalty," according to Reuters. Though the publisher has previously been entangled with the government over a cup of warm...

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Boardroom guys: Let's make a Fallout MMO

According to a November SEC filing, battered software publisher, Interplay, imagines a wonderful future with gamers paying it $160 million per-year beginning in 2011. The one product that could relaunch the company: a Fallout MMO. In the SEC document -- with typical financial disclaimers saying the...

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