It may be difficult to comprehend now, but it was only two years ago that many in the video game world had given Nintendo up for dead. Despite the early success of the DS handheld, the company’s Gamecube had finished in distant third vs. its same generation competitors. And with the next generation of consoles dawning, the XBox 360 was lighting up the charts and the Playstation 3 was about to become reality. Then at E3 2006, Nintendo unveiled the Wii and the rest is history.
While nothing unveiled at this week’s Siggraph conference in Los Angeles will have that level of mainstream consumer impact, the event may feature a similar underdog story that will have far-reaching consequences for the business of video game development.
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Activision, Inc. today announced that the Delaware Court of Chancery has denied the Wayne County Employees’ Retirement System’s request for a preliminary injunction relating to Activision’s proposed combination with Vivendi Games, Inc., the interactive entertainment business of Vivendi S.A.
A special meeting of stockholders of Activision, Inc. will be held on Tuesday, July 8, 2008, to consider and vote on proposals to approve the transaction and related matters. If Activision’s stockholders approve the transaction and the other matters to be considered at the special meeting, Activision anticipates closing the business combination on or about July 9, 2008.
The meeting will be at 11:00 a.m., local time, at The Peninsula Hotel located at 9882 South Santa Monica Boulevard, Beverly Hills, CA 90212.
Headquartered in Santa Monica, California, Activision, Inc. is a leading worldwide developer, publisher and distributor of interactive entertainment and leisure products. Founded in 1979, Activision posted net revenues of $2.9 billion for the fiscal year ended March 31, 2008.
Activision maintains operations in the U.S., Canada, the United Kingdom, France, Germany, Ireland, Italy, Sweden, Spain, the Netherlands, Australia, Japan and South Korea. More information about Activision and its products can be found on the company’s website, www.activision.com.
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After Activision, Vivendi and LucasArts, we now have confirmation that id has quit the Entertainment Software Association. This comes up as news with id getting ready to rear its epic head once again when it comes out with Rage and Doom 4 in the coming years, along with their id Tech 5 Engine. Hit the jump now!
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