Sunday, May 22

Tag: Finance

Gaming

EA Was Deep In Merger Talks With NBCUniversal

Photo: Christian Petersen (Getty Images)The video game market is consolidating like never before, and Electronic Arts is scrambling like everyone else. The Battlefield and FIFA maker recently pursued a merger with NBCUniversal, and also held potential acquisition talks with Disney, Apple, and other companies, according to a new report by Puck. While a deal isn’t currently in the works, it doesn’t sound like EA plans to give up anytime soon.“In recent years, as media companies have taken greater interest in the rapidly growing gaming industry, Wilson and Electronic Arts have held talks with a number of different potential suitors, including Disney, Apple and Amazon, sources with knowledge of those talks told me,” wrote Puck’s veteran media reporter, Dylan Beyers. “Several sources familiar w...
Gaming

Saudi Arabia’s Public Investment Fund Now Owns 5% Of Nintendo

Image: NintendoSaudi Arabia’s Public Investment Fund, a near-bottomless pit of cash tasked with diversifying the nation’s economy (and whitewashing their human rights record), has acquired a 5.01% stake in Nintendo.The news was announced in a filing made with Japan’s Finance Ministry, Bloomberg reports. It follows similar investments made last year in Capcom, EA, Take-Two and Activision, along with almost complete ownership of SNK. Bloomberg says this would make the Public Investment Fund the company’s “fifth-largest shareholder”. If this is the first time you’ve encountered this kind of money, know that the PIF fucking sucks, as does the man running it, Saudi Crown Prince Mohammed bin Salman. As Ian wrote just last month:Saudi Arabia spent the last year throwing money around the video gam...
Stripped-down farm measure rolls through Missouri Legislature, heads to governor | Politics
Politics

Stripped-down farm measure rolls through Missouri Legislature, heads to governor | Politics

JEFFERSON CITY — Missouri lawmakers approved a series of tax credits for the agriculture community Tuesday, but stripped the proposed law of a provision that could have benefited a major property developer.The package, which has been a priority for farm lobby groups, had been stalled in the Legislature over a piece of the overall bill that would have given investors like Columbia developer Jeffrey E. Smith $25 million in tax credits for investing in rural businesses in the state.Opponents wanted the rural tax credits out of the measure after a similar program in Georgia cost taxpayers more than $50 million.The revamped legislation now includes provisions for tax credits for wood energy, investments in meat processing, enhancements for the ethanol and biodiesel industry and...
Gaming

Rockstar Parent Company CEO Earns Big Bonus For In-Game Sales

Photo: John Phillips (Getty Images)Microtransactions in games like Grand Theft Auto Online have become big business for video game publishers. And it’s likely this won’t be changing anytime soon. New details spotted in a recent contract extension for Take-Two CEO Strauss Zelnick explain that the CEO will earn a big bonus if more players spend more money buying in-game items, coins, and skins.As reported by Axios, a new contract extension for Zelnick means the 64-year-old CEO will continue running Take-Two until 2029. It also lays out how the executive will benefit greatly if games like GTA Online, NBA 2K, and Borderlands get players to spend extra cash on in-game items, referred to in the contract as “recurrent consumer spending” or RCS items. These items are defined by Take-Two’s contract...