Bono Buys Eidos; EA Earnings Warning

Ev!L-aLphA · Mar 22, 2005, 04:56 AM

Two publisher related news items today. First up is Eidos, which has been bought after several months of speculation. An investment group by the name of Elevation Partners has snapped up the company for $135 million in cash. U2 frontman Bono is on the company's board of directors. Most recently SCi was rumored to buying the company, and EA and Ubisoft were also mentioned at one point.

Meanwhile on U.S soil Electronic Arts issued its first ever mid-quarter profit warning. Blaming hardware shortages, slowing catalog sales, and lower than expected fourth quarter sales (for games like Need for Speed Underground 2 and NFL Street 2), EA says its results will not meet expectations. Shares dropped 12% in after-hours trading.

Source: Shack News

TJ- · Mar 22, 2005, 05:00 AM

A sad day in gaming....

Bono ? come on now....

pr0digal jenius · Mar 22, 2005, 05:11 AM

i want an entire game done up in vector graphics like on those iPod commercials

Ev!L-aLphA · Mar 22, 2005, 05:14 AM

Quote:

Originally Posted by pr0digal jenius

i want an entire game done up in vector graphics like on those iPod commercials

lmao.. that would be interesting

Shaunboyland · Mar 22, 2005, 06:59 AM

One...two...three....FOURTEEN!

YAYitsAndrew · Mar 22, 2005, 07:43 PM

hello hello

Sandok · Mar 22, 2005, 07:50 PM

What's wrong with bono? He rules!!!

Mar 22, 2005, 04:56 AM	#1
Ev!L-aLphA \| n f e c t e D Join Date: Sep 2003 Location: California Posts: 4,111 Rep Power: 60	Bono Buys Eidos; EA Earnings Warning Two publisher related news items today. First up is Eidos, which has been bought after several months of speculation. An investment group by the name of Elevation Partners has snapped up the company for $135 million in cash. U2 frontman Bono is on the company's board of directors. Most recently SCi was rumored to buying the company, and EA and Ubisoft were also mentioned at one point. Meanwhile on U.S soil Electronic Arts issued its first ever mid-quarter profit warning. Blaming hardware shortages, slowing catalog sales, and lower than expected fourth quarter sales (for games like Need for Speed Underground 2 and NFL Street 2), EA says its results will not meet expectations. Shares dropped 12% in after-hours trading. Source: Shack News __________________ R.I.P 8/8/04 4/21/08

Mar 22, 2005, 05:00 AM	#2
TJ- DriverHeaven Extreme Member Join Date: Oct 2004 Location: Infinity Posts: 3,679 Rep Power: 0	A sad day in gaming.... Bono ? come on now.... __________________ new sig comming soon

Mar 22, 2005, 06:59 AM	#5
Shaunboyland DriverHeaven Lover Join Date: Jun 2002 Location: Oak Ridge, NC Posts: 168 Rep Power: 0	One...two...three....FOURTEEN! __________________

Mar 22, 2005, 07:43 PM	#6
YAYitsAndrew Anti-Piracy Poster Boy Join Date: Oct 2004 Location: NJ Posts: 2,605 Rep Power: 77 System Specs	hello hello __________________ "It is because the resistance to paying for copyrighted material, although often characterized as arising from a supposed technical burden or principled concern for the public interest, arises rather from exactly the same segment of the brain that is dominant in shoplifters." - Mark Helprin, Digital Barbarism In other words, it's never okay to steal even if you think you have a good reason! www.yayitsandrew.com

Mar 22, 2005, 05:11 AM	#3
pr0digal jenius Delete Me Join Date: Mar 2004 Posts: 14,648 Rep Power: 0	i want an entire game done up in vector graphics like on those iPod commercials

Mar 22, 2005, 07:50 PM	#7
Sandok DriverHeaven Extreme Member Join Date: Jul 2004 Posts: 9,472 Rep Power: 66	What's wrong with bono? He rules!!!