SAN FRANCISCO, July 1 (Reuters) – Zynga Inc’s
decision to bring in the head of Microsoft Corp’s Xbox
business to replace founder Mark Pincus is a bold stroke that
was hailed on Wall Street, but it still leaves questions as to
who is ultimately in charge at the troubled game-maker.
Don Mattrick was personally recruited by Pincus. But Pincus
holds on to 61 percent of the voting rights due to a two-tiered
stock structure and will remain Zynga’s chairman and its chief
SAN FRANCISCO (Reuters) – Games publisher Zynga Inc (ZNGA.O: Quote, Profile, Research) has replaced chief executive Mark Pincus with Don Mattrick, the Microsoft Corp (MSFT.O: Quote, Profile, Research) executive who headed the critical Xbox business, Zynga announced on Monday.
The news, reported first by AllThingsD, sent Zynga shares up more than 11 percent earlier in the day. The shares rose a further 3 percent to $3.17 when Zynga confirmed the appointment after the bell.
SAN FRANCISCO, July 1 (Reuters) – Games publisher Zynga Inc
has replaced chief executive Mark Pincus with Microsoft
Corp executive Don Mattrick, who headed Microsoft’s
critical Xbox business, Zynga announced on Monday.
The news, reported first by AllThingsD, sent Zynga shares up
more than 11 percent earlier in the day. The shares rose a
further 3 percent when Zynga confirmed the appointment after the
SAN FRANCISCO (Reuters) – Games publisher Zynga Inc could replace its chief executive Mark Pincus with Microsoft Corp executive Don Mattrick, possibly as early as late Monday, according to a report by AllThingsD that sent Zynga shares down more than 10 percent.
Mattrick, who heads Microsoft’s critical Xbox business as the company’s president of interactive entertainment, could leave Microsoft to join Zynga, possibly as its CEO and is “working in close partnership with its founder and current CEO Mark Pincus,” according to AllThingsD, citing multiple unnamed sources.
SAN FRANCISCO/SEATTLE (Reuters) – Microsoft Corp released a test version of its Windows 8.1 software on Wednesday, bringing back the “start” button and adding a host of features it hopes will appeal to users, while spurring developers into writing more applications for it.
The updated Windows, which was signaled at the end of May, is aimed chiefly at soothing traditional computer users, many of whom were unsettled by Microsoft’s shift towards a new “tile”-based interface that works best on touch-enabled devices, but left fans of the old-style desktop confused.
SAN FRANCISCO/TOKYO (Reuters) – Microsoft Corp will offer its popular “Age of Empires” game for Apple Inc’s iPhone and other smartphones through a tie-up with Japan’s KLab Inc, seeking to capture growth in a booming mobile game market.
Microsoft’s gaming business is dependent primarily on its Xbox franchise but mobile devices have been eating into the gaming industry, luring consumers away from traditional consoles.
SAN FRANCISCO, June 21 (Reuters) – Ouya’s $99 Android
videogame console goes on sale on Tuesday, the latest attempt by
a growing crop of niche hardware makers to chip away at a market
dominated by Sony Corp, Microsoft Corp and
Nintendo Co Ltd.
Ouya hopes its cheaper cube-shaped console will prevail over
the long-established gaming triumvirate’s pricier hardware. The
new device has more than 150 free-to-try games, media features
such as Flixster and radio service TuneIn, and an open ecosystem
built on Google’s Android operating system.
LOS ANGELES, June 14 (Reuters) – Few first-time participants
at the Electronic Entertainment Expo (E3) in Los Angeles this
week would have realized that the $66 billion videogames
industry is in steep decline.
Microsoft Corp, Sony Corp, Electronic Arts
and other industry giants whipped up the crowd of gamers
and developers at the event into a frenzy, with displays of
high-powered new consoles and previews of popular genre games.
LOS ANGELES (Reuters) – Struggling electronics giant Sony Corp(6758.T: Quote, Profile, Research) aims to make a profit on its new video game console faster than it did with its PlayStation 3 console by managing costs and keeping its technology similar to that of personal computers.
Sony Computer Entertainment, the company’s games division, took four years to make a profit on its last-generation PlayStation 3 console. For its new PlayStation 4, the company has said it wants to shorten that period of initial loss.
(Reuters) – When Walt Disney Co introduced its latest video game, Infinity, to the gaming faithful this week at the annual E3 gaming conference, it rented a Los Angeles movie theater to show 30-minute clips of upcoming films and hosted a party with the glitz it usually reserves for its blockbuster movie wannabes.
It shows just how much the company is counting on Infinity – whose players can for the first time mix together characters from Disney’s different franchises – to help turn around one part of the media giant that stubbornly refuses to turn a profit.