From VGC: "Take-Two has announced it’s pulled its original offer to purchase UK-based Dirt and F1 publisher Codemasters, following the agreement of a rival bid from Electronic Arts.
The GTA parent had agreed an offer to purchase the veteran racing game firm, valuing it at $980m, but it was later outbid by EA which agreed an increased offer of $1.2 billion. The Codemasters board then withdrew its recommendation for Take-Two’s offer."
Microsoft announced its financial results for Q3 of fiscal year 2026, including an update on its gaming Xbox business and more.
Not looking good. Hopefully Asha Sharma is able to turn Phil’s disaster around.
To me it's still quite remarkable how they can cash-in 5.3bn in revenue in a single quarter, since their hardware is basically dead.
The stock mark is what makes Microsoft remarkable, They have convinced every institutional and retail investor to just keep piling money into them. Like many big tech giants they are just a big growing pyramid scheme. As long as people keep dropping money into ETF's that cover the market Microsoft will always be liquid. At the same time it is completely stifling innovation and competition. People need to start being more discreet in how they invest their money as it's killing the system.
Riiiiight because people will just flock back to them for one or two games per year.
15+ years of bad performance is what they call irreparable in business. It is time for them to sell off the assets and get out of entertainment.
These declines are on the back of extra revenue received from releasing games like Forza horizon 5 on PlayStation. So I’m being sarcastic here when I said they should go back to exclusives. Killing off a revenue stream from Ps5 sales will only make things worse
The charity event will be streamed live from Gamescom in August.
Spiders: "We're going to cut straight to the chase so you're not left wondering: After a long period without clear answers, we have received confirmation that Spiders is being liquidated.
What does it mean? This means the company as a whole no longer exists. We'll cease our functions immediately. The planned DLC will release via Nacon, and then-- well, that's it.
We're sorry that it's come to this and would like to thank each and every one of you for your support over the years.
If you have any questions or run into issues with your games, please contact Nacon directly as we'll no longer be able to reply."
oh no... codemasters devs should better start updating their CVs
RIP Codemasters.... It was fun while it lasted. I have no faith in EA for their past acquisitions. They are probably going to have them be part of the NFS franchise but meybe they will keep the dirt franchise going without screwing them up with mtx.
Noooooooooooooooooooooooo!
Thats not a suprise its all about the money at the end of the day. I mean sony could do the same with zenimax if they wanted to lay down 8.5