Square Enix is preparing to buy Eidos for $120 million. The bid to buy the company is valued at GBP $84.3 million and Eidos’ board of directors has already agreed to recommend the offer to shareholders as it’s worth 32 pence per share. The agreement calls for the acquisition of Eidos by Square Enix holding…

Midway has filed for Chapter 11 bankruptcy reorganization that will effect all of it’s U.S. subsidiaries, but none of their international ones. “This was a difficult but necessary decision,” said Midway Chairman, President and CEO Matt Booty. “We have been focused on realigning our operations and improving our execution, and this filing will relieve the…

Nintendo and Sega have announced development of Mario & Sonic at the Olympic Winter Games which will once again bring mascots from the two companies together this time with officially licensed Olympic-themed sports based on the Olympic Winter Games instead of Summer games. The game is scheduled for release in stores in 2009 for the…

LucasArts and Bioware have joined up with Dark House to create an all-new online exclusive comic book series based on BioWare’s upcoming MMORPG Star Wars: The Old Republic. The series will be called “Star Wars: The Old Republic – The Threat of Peace” and will be an action-packed, character-driven episodic series written by BioWare’s own…

Sega has announced that it will be closing 110 arcades, canceling some games that are currently in development and will lay off 18% of it’s staff as the publisher seeks to cut costs in anticipation of a record-setting annual loss for them of 25 billion yen (about $238 million dollars) during their fiscal year that…

The latest issue of Japanese gaming magazine Famitsu, has a dialogue between PlayStation Home Japan producer Ryoji Akagawa and Street Fighter IV producer Yoshinori Ono. Sony talks about launching online game sessions for Resident Evil 5 and Street Fighter IV from within the PS3′s Home virtual space. Those Capcom games will also get Home items…

January’s American video game sales data from the NPD is in, and like almost any month the past year, it shows an unchanged result: A Nintendo system on top, this time the Wii once again outsold all other systems. NPD analyst, Anita Frazier, had this to say: “Even in these tough economic times, the fact…

During Activision’s fourth quarter earnings call, Blizzard COO Paul Sams announced the StarCraft 2 Beta test will be “coming up in the months ahead” in 2009. To quote him: “The beta will be played on a basic version of our new Battle.net architecture, which will give us the opportunity to test the game and the…

Blizzard announced that the World of Warcraft Arena Tournament 2009 is nearly here. Starting February 17, 2009, players will be able to sign up, with a one-time entry fee of $20, to compete in this year’s competition. The tournament will feature an online qualifier played on our special tournament realms. Top teams will proceed to…

Today Nintendo of Europe and Australia added new games to the popular Wii Shop Channel. The game went live at midnight CET. Wii owners with a high-speed Internet connection can redeem Wii Points to download the game. Wii Points can be purchased in the Wii Shop Channel or at stores like Amazon UK. The WiiWare…

Ghostbusters: The Video Game rule #2 “Don’t look directly into the trap!” Atari has released an all-new trailer for their upcoming Ghostbusters video game that was written by Dan Akroyd and Harold Ramis as the third movie in the franchise. As you can see from the trailer, the game looks pretty exciting and really cool…

It has been revealed that Grand Theft Auto IV: The Lost and Damned will ship with some all new music on the radio stations of Liberty City. Included on the dial are new-to-the-game songs from Busta Rhymes and Funkmaster Flex. But more exciting than that is the fact that Busta Rhymes has made an all…

A Vampyre Story is now available to download at The Adventure Shop and Amazon as well as in retail stores. The game is a point-and-click adventure game in the classic LucasArts style of games like The Curse of Monkey Island and is developed by Autumn Moon Entertainment and published by Crimson Cow. Story Deep within…