Sony's Battle for Video Game Supremacy - MIT Sloan School of ...

SONY'S BATTLE FOR VIDEO GAME SUPREMACY
John Sterman, Kahn Jekarl, Cate Reavis
4/29/2004 Relic
8/9/2004 Criterion
8/9/2004 ARUSH
8/11/2004 Monolith
8/26/2004 Inevitable
Homeworld,
Warhammer:
Dawn Of War THQ
Burnout,
Renderware
Hunting
Unlimited
Tron 2.0, No
One Lives
Forever, Aliens
vs. Predator 2
The Hobbit,
Defender,
Tribes: Aerial
Electronic
Arts
Hip
Interactive
Warner
Assault Midway
9/1/2004 Venom Rocky Boxing Take Two
11/16/2004
Digital
12/1/2004 Paradox
12/4/2005 Indie Built
1/20/2005
1/25/2005
Illusions Battlefield 1942
Vicarious
Visions
Visual
Concepts /
Mortal Kombat,
Backyard
issued to key employees.
$6 million in cash and $4 million over the next
two years.
According to a 10-Q form filed with the SEC,
Electronic Arts spent somewhere in the range of
$48 million to buy Criterion Studios.
871,312 common shares of which 55,607 are
being held in escrow for a period of up to one
year. Under the terms of the escrow agreement,
the principal shareholder of ARUSH is entitled to
purchase the escrowed shares from Hip at a price
of $1.50 per share.
Brothers Undisclosed
Electronic
Arts
Wrestling Midway
Microsoft's
former sports
team, Top Spin,
Links, Amped Take Two
Shrek 2, Spider-
All-stock transaction: 218,421 common shares
with an additional 152,824 restricted shares
issued to key employees.
$1.2 million in cash, recording identifiable
intangibles of $750K and goodwill of $620K
EA now controls approximately 67.3% of DICE,
and all the 2,329,102 outstanding company
warrants.
All-stock transaction: 333,334 Midway common
shares, with 261,906 restricted shares issued by
key employees.
$18.5 million in cash, recording $5.8 million in
identifiable intangible assets, $11.5 million of
goodwill, $280K of fixed assets, and $820K of
accounts receivable.
Man 2 DS, PSP Activision Undisclosed
Kush Games ESPN 2K sports Take Two
$24 million in cash with rights to all intellectual
property associated with the sports titles, as wells
as rights to the 2K brand.
Source: Dan Lee Rogers. The End Game: 2005 Acquisition Activity Update. http://www.gamasutra.com/features/20050225/r.
Rev: December 8, 2011 24