EA stock feels burn, Universal stokes Inferno
By Tor Thorsen, GameSpot Posted Nov 3, 2008 7:02 pm PT Wall Street Journal muses a Disney takeover of share-price-challenged publisher as Variety reports movie studio has landed rights for unannounced game set in depths of hell.
Last week, Electronic Arts made headlines for posting a $310 million quarterly loss and laying off 6 percent of its workforce. As a result, its stock took a drubbing on Wall Street, dropping over $3 per share in after-hours trading to end the week at $22.78, just above its one-year low of $21.91. As a result, the publisher, which recently was poised to acquire rival Take-Two Interactive, has become the subject of takeover talk itself.