Bobby Kotick — CEO of Activision, “Moneyball” actor –– stopped by the Reuters Global Media Summit on Monday to give us his take on Black Friday (Anecdotally: a success, though Saturday not so much) and to throw some cold water on rival EA’s upcoming release of “Star Wars.”
Broader bargain hunting driven by budgetary fears may depress overall holiday spending, mitigating any hefty gains retailers reaped from long lines of shoppers snaked around malls across the U.S.
Microsoft has signed a confidentiality agreement with Yahoo, allowing the software giant to take a closer look at Yahoo’s business, according to a source familiar with the matter. Microsoft joins several private equity firms that are also poring over Yahoo’s books and operations, as they explore various options for striking a deal with the struggling Internet company. Microsoft’s signing of a nondisclosure agreement with Yahoo occurred “recently,” according to the source.
Black Friday marks the beginning of the most critical time of the year for video game makers, as customers jam stores on the day after Thanksgiving to pick up games and consoles as gifts.
from Shop Talk:
The Chicago Tribune is giving the gift of a free issue to Cyber Monday shoppers. Online, right? Wrong. This free newspaper (a 75 cent value) only applies to shoppers who actually venture out to stores today.
With Black Friday only a few days away and projections for the holiday shopping season bleak, it’s not surprising that Sony is making a price cut move on its PlayStation 3 video game console to lure cash-strapped shoppers.
Give the “Glass is Half Full” award to Stan Glasgow, Sony’s top U.S. electronics executive, ahead of what could be the most crucial (and potential painful) “Black Friday” shopping weekend in many years. It’s normally a happy time of year, filled with family gathering, gifts, etc.