Speaking of EA, a bid was made by a Japanese company to start a takeover of the company although in terms of value and reserves it won't be enough for a complete takeover.
A South Korean company called Nexon officially placed a bid to purchase EA today with the reaction from the stock market being positive about the news. EA's stock value rose by 8% once the news was made public today.
Nexon primarily makes free-to-play MMO games like Maple Story and Dragon Quest with its main revenue base located in Korea. While it was founded as a company in South Korea, their headquarters and business decisions are located in Japan.
The biggest issue is according to market value, Nexon doesn't have enough to completely buy out EA since they are only worth about $1.5 billion while EA is worth $5 billion. They can still make a bid to become a minority owner of EA though if the company approves of the deal.
The biggest benefit for EA would be having a huge presence in the free-to-play market and a huge foothold in Korea due to Nexon if they were to accept the offer.
http://www.screwattack.com/news/rumo...nd-stocks-soar
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Daily Recap:
1) Nintendo reveals more details involving their first ever fiscal loss in the company's electronic era history with the final amount being $461 million lost and the price drop on the 3DS being a huge reason. The price drop alone ensured Nintendo can't make a profit on the device until August 2012 at the earliest.
http://www.giantbomb.com/news/ninten...ast-year/4106/
2) Sony announces they are currently working on an emulator which would make PS One games playable on the PS Vita.
http://www.egmnow.com/articles/news/...games-to-vita/
3) Valve announces the next DLC for Portal 2 called "Perpetual Testing Initiative" is the official level editor for the game and will be free for PC and Mac owners.
http://www.giantbomb.com/news/portal...ng-may-8/4107/