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Posts tagged securities-and-exchange-commission

SEC investigating Rhode Island's 38 Studios deal

The 38 Studios epilogue continues with the U.S. Securities and Exchange Commission investigating the $75-million loan provided by the state of Rhode Island to the defunct studio. WPRI reports the SEC probe is examining the taxpayer-backed loan the R.I. Economic Development Corporation (EDC) gave to...

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EA planning upcoming layoffs, 'completed by September 30, 2012'

EA today confirmed plans to enact a "restructuring" among its employees, resulting in an unnamed number of layoffs companywide. The restructuring is part of EA CEO John Riccitiello's move toward digital – an initiative that aims to alter the composition of EA's staff from one in eight...

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THQ confirms layoffs of 240 employees [updated]

THQ has confirmed planned layoffs of "up to 240 selling, general and administrative personnel worldwide," with plans to finalize the proceedings by September 30, 2012. The company promises that the "majority" of said layoffs will occur before March 31, 2012 and many of the employees affected have...

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Zynga delaying stock IPO, due to 'rocky stock markets' and SEC questioning

Zynga was all revved up to release the initial public offering of its stock, but has had to delay that plan due to market instability and to answer questions from the SEC, according to The New York Post. The IPO was planned for next month, but the SEC is looking into how the social games...

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Fallout Online's future in doubt as Interplay crumbles

Fallout Online and several other Interplay-developed titles may be in serious jeopardy, according to a US Securities and Exchange Commission report filed by Interplay last week. Develop discovered the filing, which spells out dire financial concerns for the immediate future of the company....

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Nintendo accounts for nearly 25% of GameStop's new product purchased in fiscal 2009

Of the many, many games that GameStop sold in 2009 (not to mention the millions of dollars it made), we were left wondering where the lion's share of the game retail juggernaut's capital went in terms of product that the company was actually buying for its stores. And in a recent SEC filing for the...

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Activision CFO Thomas Tippl now COO

Acitvision chief financial officer Thomas Tippl was recently promoted to the position of chief operating officer at the publisher, and will serve double duty as temporary acting CFO while a replacement is found. A filing with the Securities and Exchange Commission from last week detailed the...

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Silver lining: THQ acquires 40 percent of Midway San Diego employees, maybe more

You've been reading an awful lot about Midway business minutiae over the last six months, so we won't bore you with too many unexciting details about THQ buying Midway's San Diego studio for $200k last week. The most important thing for you to know is that out of 100 employees, 40 have been...

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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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