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UK news round-up: Nintendo posts first annual loss, EA 'receives takeover offer'


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All of today's UK headlines in one place...

 

 

Nintendo reported its first ever annual loss today for the business year ended March 31, 2012, as sales fell 36 percent year-on-year.

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The company predicted a return to profit for the current business year, and also said it'll start making money on 3DS hardware sales by September

 

Elsewhere, EA shares have jumped following reports that South Korean developer and publisher Nexon has made a takeover bid for the company, while the FIFA firm confirmed a number of layoffs at Army of Two and Skate maker EA Montreal.

 

Meanwhile, Star Trek Online and Champions Online developer Cryptic Studios revealed that one of its user account databases was hacked in 2010 - and that it's only just found out, while Bethesda officially announced Zwei, a new survival horror game from Resident Evil creator Shinji Mikami.

 

 

Thursday April 26

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EA being taken over? i thought EA were really rich and stuff? why do they need a takeover?

 

Well as you read "nexon" hate that company by the way, had bidded on taking over the company. I will look more into this as to why. I am just as curious as you.

 

Update!:

 

EA shares jump on report of takeover offer from NexonSouth Korean free-to-play gaming specialist reportedly keen on the FIFA publisher

 

 

EA shares have risen $1.22, or 8.1 percent, to $16.23 following reports that South Korean developer and publisher Nexon has made a takeover bid for the company.

 

Bloomberg said in a video report: "According to a South Korean newspaper, the online gaming company Nexon Japan has contacted EA about making an offer. We have no idea how Electronic Arts may have responded to this reported offer."

Forbes reports that EA's stock has recently been trading close to a 52-week low, as it continues to struggle through a transition from a packaged goods firm to a digital-focused publisher.

 

EA has a market capitalisation of around $5 billion.

 

Nexon, which is headquartered in Japan, specialises in free-to-play MMORPGs like MapleStory. Our friends at GamesRadar recently named Nexon's Vindictus and Atlantica Online as two of the best free MMORPGs.

 

All i can find Mr.Biggles.

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