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EA, THQ Takeover Rumors Spur Stock
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Posted by Donster on: 2009-09-23 17:30:28 293
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Rumors of bids by Microsoft, Warner send Madden and UFC Undisputed publishers' share prices skyward.
By Brendan Sinclair, GameSpot
A new wave of consolidation has hit the game industry since the economic downturn began last year, with Square Enix picking up Eidos, Tecmo merging with Koei, Warner Bros. snagging Midway out of bankruptcy, Namco Bandai buying D3Publisher, and most recently, ZeniMax purchasing id Software.
The wave may not have broken just yet, as rumors of takeovers of THQ and Electronic Arts are pushing the publishers' share prices higher this week, Reuters reports. According to the wire service, rumors are circulating that Microsoft is pondering an acquisition of Electronic Arts, and a major media company is preparing a takeover bid for THQ. Last year, EA was in the suitor's seat, as it spent months pursuing an ultimately unsuccessful hostile takeover of Take-Two Interactive.
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