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Jan 30, 2014

Zynga attacks costs, to slash headcount by 15 percent

SAN FRANCISCO (Reuters) – Video game maker Zynga Inc said on Thursday it would slash its workforce by 15 percent and posted a narrower-than expected quarterly loss, sending shares up 20 percent.

The San Francisco-based game company, known for its “Farmville” game, is expected to cut about 314 jobs as part of an expanded cost savings plan, the company said.

Jan 28, 2014

Electronic Arts lowers 2015 revenue forecast; shares fall

SAN FRANCISCO, Jan 28 (Reuters) – Video game publisher
Electronic Arts Inc lowered its 2015 revenue forecast on
Tuesday as the arrival of new Xbox and PlayStation 4 consoles is
resulting in weaker sales of games for older consoles.

EA’s shares were down 3 percent in after-hours trading after
closing at $24.87 on Nasdaq on Tuesday.

Jan 6, 2014

Feature – App developers see wearable devices as next big thing

SAN FRANCISCO (Reuters) – Wearable computers like Google Glass and the Samsung Galaxy Gear watch may not have caught fire yet, but that hasn’t stopped mobile game developers from rushing to create apps for the new devices, eager to seize what they hope is the next big moment in consumer technology.

Niccolo DeMasi, the CEO of mobile games maker Glu Mobile, compares the potential of wearables to that of Apple Inc’s iPhone launch in 2007 – an event that was the catalyst to create much of the mobile app world that exists now.

Jan 6, 2014

App developers see wearable devices as next big thing

SAN FRANCISCO, Jan 5 (Reuters) – Wearable computers like
Google Glass and the Samsung Galaxy Gear watch may not have
caught fire yet, but that hasn’t stopped mobile game developers
from rushing to create apps for the new devices, eager to seize
what they hope is the next big moment in consumer technology.

Niccolo DeMasi, the CEO of mobile games maker Glu Mobile
, compares the potential of wearables to that of Apple
Inc’s iPhone launch in 2007 – an event that was the
catalyst to create much of the mobile app world that exists now.

Dec 20, 2013

Gloves off as mobile game developers wage Christmas war

SAN FRANCISCO, Dec 20 (Reuters) – The annual no-holds-barred
Christmas holiday slugfest between mobile game developers has a
new twist this year: marketing and user-acquisition costs will
likely hit an all-time high and surpass any revenue earned over
the festive season.

The cost of getting new users through paid-for click-through
ads on mobile phone apps and Facebook is skyrocketing.

Dec 14, 2013

Oculus raises $75 million to take virtual reality headset mainstream

SAN FRANCISCO (Reuters) – The startup Oculus VR has raised $75 million to market its virtual-reality headset for video games, hoping to attract consumers who have shied away from such products in the past.

Irvine, California-based Oculus raised the sum in a round led by Silicon Valley investor Mark Andreessen of venture capital firm Andreessen Horowitz.

Dec 11, 2013

Microsoft says Xbox One global sales top 2 million

SAN FRANCISCO, Dec 11 (Reuters) – Microsoft Corp
has sold more than 2 million Xbox One video game consoles since
its Nov. 22 launch, catching up with rival Sony Corp’s
PlayStation 4 released a week earlier.

The U.S. software giant on Wednesday said it took 18 days
for Xbox One’s global sales to surpass 2 million – a new company
record. Japan’s Sony last week said it took 15 days for PS4
sales to cross 2.1 million.

Dec 11, 2013

Microsoft says Xbox One global sales top 2 million units

SAN FRANCISCO (Reuters) – Microsoft Corp has sold more than 2 million Xbox One video game consoles since its November 22 launch, catching up with rival Sony Corp’s PlayStation 4 released a week earlier.

The U.S. software giant on Wednesday said it took 18 days for Xbox One’s global sales to surpass 2 million. Japan’s Sony last week said it took 15 days for PS4 sales to cross 2.1 million.

Dec 5, 2013

‘Battlefield 4′ tech glitches persist, Electronic Arts shares fall

SAN FRANCISCO (Reuters) – Video game publisher Electronic Arts (EA.O: Quote, Profile, Research, Stock Buzz) said on Thursday it halted development on upcoming projects of its “Battlefield 4″ game to fix technical problems that have plagued the title recently, taking its stock down as much as 8 percent.

Gamers playing “Battlefield 4″ – a military-style shooter that is the company’s most-anticipated holiday title – have been complaining of crashes and online connectivity issues since its October launch.

Nov 26, 2013

Take-Two to buy back all of Icahn shares; directors leave

NEW YORK/SAN FRANCISCO (Reuters) – Activist investor Carl Icahn will sell all his shares in Take-Two Interactive Software Inc back to the videogame company, netting a fat return on his investment in the “Grand Theft Auto” publisher.

Three directors nominated by the billionaire have resigned as part of the deal, under which Take-Two will pay $203.5 million in cash or cash equivalents for the 12.02 million shares Icahn owns, or about a 13 percent stake.