Mergers and Acquisitions
Ongoing coverage on Mergers and Acquisitions.
Latest coverage
Apple acquired another company that could help build out its Creator Studio subscription
Apple has acquired Color.io, a company known for its color grading tools, in January. This acquisition is expected to bolster Apple's upcoming Creator Studio subscription service.
Protesters 'raid' EA to oppose Saudi Arabia acquisition
Protesters gathered at Electronic Arts headquarters to oppose the acquisition of the company by Saudi Arabia's Public Investment Fund. The group attempted to deliver a petition signed by over 70,000 people but was denied direct access by security. Concerns were raised about potential layoffs, studio closures, and content restrictions due to the leveraged buyout and foreign influence.
New Batman game is happening but it’s not Batman Beyond says insider
An insider has dismissed rumors of a new Batman game based on Batman Beyond, stating that Rocksteady Studios' next project is unrelated to the animated series. While a fake leak with screenshots and details about the story and gameplay surfaced, journalist Jason Schreier confirmed it as false. Rocksteady is reportedly working on a new single-player Batman title following the performance of Suicide Squad: Kill The Justice League.
eBay has rejected GameStop’s takeover bid and says offer not “credible”
eBay has rejected GameStop's $56 billion takeover bid, stating the offer is neither credible nor attractive. eBay's chairman, Paul Pressler, expressed confidence in the company's current management and its ability to drive sustainable growth. Analysts have expressed skepticism about the feasibility of GameStop's bid for a company significantly larger than itself.
"Your Proposal Is Neither Credible Nor Attractive" - eBay Rejects GameStop's Takeover Bid
eBay has officially rejected GameStop's $55.5 billion takeover bid, with Chairman Paul S. Pressler stating the proposal was "neither credible nor attractive." The company cited concerns about financing, operational risks, and eBay's standalone prospects. GameStop CEO Ryan Cohen previously expressed a desire to make eBay a stronger competitor to Amazon.
'Your Proposal Is Neither Credible Nor Attractive': eBay Rejects GameStop's 'Unsolicited' Acquisition
GameStop's unsolicited acquisition proposal for eBay, valued at approximately $56 billion, has been firmly rejected by eBay's Board of Directors. Chairman Paul S. Pressler cited several reasons for the rejection, including the lack of credibility and attractiveness of the proposal, uncertainty regarding financing, and potential negative impacts on eBay's long-term growth and profitability. The market has also expressed skepticism about GameStop's financial capability to complete such a transaction.
eBay shoots down 'neither credible nor attractive' $56 billion GameStop offer from CEO who says 'I'm…
eBay has rejected a $56 billion acquisition offer from GameStop, stating the proposal was neither credible nor attractive. GameStop CEO Ryan Cohen expressed his determination to pursue the deal despite eBay's rejection. eBay's board cited the company's strong performance and strategic focus as reasons for declining the offer.
eBay rejects GameStop's offer, calling it 'neither credible nor attractive'
eBay has rejected a takeover offer from GameStop, stating that the proposal was neither credible nor attractive. This rejection could potentially lead to a hostile takeover attempt by GameStop.
eBay Rejects GameStop CEO Ryan Cohen's $56 Billion Offer to Buy the Company, Calls It 'Neither Credible nor Attractive'
eBay has officially rejected a $56 billion offer from GameStop CEO Ryan Cohen to purchase the company. eBay's board deemed the offer neither credible nor attractive.
Sega reports $31.6m net loss during FY26, cancels 'Super Game' project amid strategic pivot
Sega Sammy reported a net loss of $31.6 million for the fiscal year ending March 31, 2026, impacted by significant impairment losses from its acquisitions of Rovio and Stakelogic. The company is pivoting its strategy, reducing the priority of free-to-play games and reassigning over 100 developers to full game development. The ambitious 'Super Game' project has also been cancelled.
eBay's Rejection Letter To GameStop's $56 Billion Bid Pulls Absolutely No Punches
eBay has officially rejected GameStop's $56 billion bid to acquire the company, citing concerns about GameStop's ability to finance the deal and the potential negative impacts on eBay's long-term growth. The eBay board deemed the proposal neither credible nor attractive, stating that eBay is performing well independently. GameStop CEO Ryan Cohen may still attempt a hostile takeover by appealing directly to eBay's shareholders.
Cosplayers plan to storm EA headquarters today to protest Saudi Arabia buyout
Cosplayers are planning to protest at Electronic Arts headquarters against a proposed $55 billion buyout by a consortium including Saudi Arabia's Public Investment Fund and Jared Kushner's Affinity Partners. The protest aims to deliver a 70,000-signature petition and raise concerns about potential staff layoffs, increased monetization, and studio closures.
MMO Week in Review: The big rebranding of CCP Games
CCP Games, the studio behind EVE Online, has rebranded to Fenris Creations and announced a partnership with Google DeepMind for AI development. This news comes amidst other MMO updates including Guild Wars 2's new zone, Conan Exiles' Enhanced version, and acquisitions like Daybreak buying Cold Iron Studios.
Mark Ruffalo Klaim Hollywood Takut Tolak Merger Warner Bros-Paramount
Actor Mark Ruffalo claims many Hollywood figures are afraid to oppose the potential merger between Warner Bros. Discovery and Paramount due to fear of retaliation. He and Matt Stoller argue that this fear is a fundamental reason to block the deal, which they believe will lead to job losses, reduced opportunities for creators, and fewer choices for audiences. The article also mentions Paramount's acquisition of Warner Bros. Discovery for $110 billion, with Netflix having withdrawn its competing offer.
Sony confirms $765M in ‘impairment losses’ against Bungie in its 2025 fiscal year report
Sony reported significant "impairment losses" of approximately $765 million against Bungie's intangible assets in its fiscal year 2025 report. Despite these losses, Sony's gaming sales remained flat, with expectations of steady double-digit profit growth in fiscal year 2026. This follows Sony's $3.6 billion acquisition of Bungie in 2022, with the studio facing increasing financial pressure and scrutiny.
"Our players are going to be pretty psyched": Hasbro CEO talks D&D, video games, and playing to win
Hasbro CEO Chris Cocks discusses the company's strategy for its intellectual properties, particularly Dungeons & Dragons, emphasizing a 'Playing to Win' approach that focuses on innovative experiences and engaging adult fans. Cocks highlights the success of Baldur's Gate 3 as an example of adapting D&D for digital platforms and expresses excitement for upcoming digital titles like Exodus, a 'D&D in space' inspired RPG.
Is Bungie Sony's Worst Ever Acquisition After $765 Million Write-Down?
Sony has reported a $765 million impairment loss on its acquisition of Bungie, significantly devaluing the developer since its $3.6 billion purchase in 2022. This write-down, partly due to the underperformance of games like Marathon and Destiny 2's declining player base, raises questions about whether Bungie is Sony's worst acquisition. The article also touches on Sony's broader struggles with live service games and other studio acquisitions.
Sony took a $765 million impairment loss in FY25 on the $3.6 billion Bungie acquisition
Sony reported a $765 million impairment loss in its fiscal year 2025 on the $3.6 billion acquisition of Bungie. The makers of Marathon and Destiny 2 continue to be a financial weakness for Sony's Game & Network Services segment.
Sony reports $765 million impairment loss on Marathon and Destiny 2 studio Bungie for the last financial year, after…
Sony reported a significant impairment loss of approximately $765 million against Bungie's assets for the 2025 fiscal year. This loss is attributed to underperformance of titles like Marathon, which did not meet expectations following Bungie's $3.6 billion acquisition in 2022. Despite these financial setbacks, Sony's overall games division sales remained flat, with positive projections for the coming year.
GamesStop wants eBay, Nintendo confirms Switch 2 price hike, and union boss says EA buyout is a national security risk - Patch Notes #51
This week's gaming news roundup covers GameStop's $55.5 billion takeover bid for eBay, Nintendo's confirmation of price hikes for the Nintendo Switch 2, and concerns raised by a union boss regarding the potential Saudi Arabian buyout of Electronic Arts, citing national security risks. The article also touches on internal leadership changes at Xbox, layoffs at 2K, and the rebranding of CCP Games.
