The Walt Disney Company has agreed to acquire superheroes stable Marvel Entertainment and its portfolio of over 5,000 characters in a stock and cash transaction.
Based on the closing price of Disney stock on Friday, August 28, the transaction value is $50 per Marvel share or approximately $4 billion (£2.46b). Under the terms of the agreement, Marvel shareholders would receive a total of $30 per share in cash plus approximately 0.745 Disney shares for each Marvel share they own.
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Shadow Complex has broken the first week Xbox Live Arcade download record, having been purchased over 200,000 times during its first seven days of availability.
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Today, Funcom has announced they are opening a new studio in Montréal. Developers at the studio will work on both Age of Conan, and Funcom's next project, The Secret World.
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Rockstar Games will release Grand Theft Auto: Chinatown Wars and music title Beaterator for iPhone and iPod touch this fall.
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In an announcement made today on the official ArchLord website, we've learned that the North American and European versions of ArchLord will be shutting down on Friday, October 2nd, 2009. The inability for Codemasters to negotiate a renewal of the licensing contract from NHN Korea to continue operating the game is stated as the reason behind the shut down. Starting on October 3rd, 2009, ArchLord will be operated by Webzen in the west, and a transition FAQ is now available.
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Ubisoft has announced that Assassin’s Creed producer Jade Raymond will manage its new Toronto, Canada-based studio when it opens later this year.
Under the governance of Yannis Mallat, CEO of Ubisoft’s Montreal and Toronto studios, Raymond will oversee day-to-day operations at the new development house.
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The 11th EVE Online expansion has been announced today by CCP Games. The new expansion, entitled "Dominion", will launch this Winter, and will focus heavily on EVE Online's endgame gameplay.
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Korean games tend to be organized into portals, where multiple games are available under one banner. North American games are not. This week, Richard Aihoshi examines how this trend has been translated West.
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We've got nine new screenshots of everyones favorite ring-wearing DC superhero in DC Universe Online for you today. All you aspiring Hal Jordan's can now rejoice! Perhaps there's a spot for you in the Green Lantern Corps once the game launches.
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The Walt Disney Company has inked themselves a pretty sweet deal. For only four billion dollars, they get to own all of Marvel Entertainment! Yep, it's true. Disney has agreed to buy Marvel; which both companies' boards have approved, so all that's left is approval by Marvel's shareholders. Getting the approval of shareshoulders shouldn't be much of a hurdle, seeing as they will stand to receive $30 for every share they own in the deal, or a 29% premium.
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