Electronic Arts has complied with the Federal Trade Commission's requirements and has submitted necessary information to allow the government probe against possible antitrust law violations. The company has also promised to take no actions in its takeover quest of rival Take-Two until late August, ensuring that the competition is safe for now. Full details after the jump.

Well, it looks as if the merger between Activision and Vivendi has finally reached its end. We've just received a press release that lets us fully make use of our Activision-Blizzard tag. Learn more about the merger after the jump!

Atari has been sufficiently warned by NASDAQ as early as March to raise its stock value. Atari didn't, even with the completed merger with Infogrames. Thus, Atari is now delisted. What are its implication? Details over at the full article.

Under threat of delisting from NASDAQ yet again, Atari is still determined to keep its pulse beating by hiring a new CEO to guide their way. Jim Wilson, formerly of Sony BMG and Vivendi, is now at the pilot seat of the once-legendary brand of gaming. More details after the jump.

Ever wondered just what happened to the March 20, 2008 deadline that NASDAQ gave Atari about its stock value? Wonder no more as we give you the rather disconcerting news: The company hailed as the progenitor of videogaming did not make the cut, and is now facing imminent delisting. All the details in the full article.

Atari just received a warning from NASDAQ stating it may be delisted for low stock market value. Even after patching things up with FUNimation, it seems the video game company is in the red once more. Find the details at the full article.

Atari has reported a loss of US$ 11.9 million in it Q1 financial report. These losses are up by more than 50 percent compared to the company's financial reports for the year-earlier period. With Atari in danger of losing the license to one of its key franchises, things are looking bleak for the Infogrames-owned company. A recovery plan is in the works, though, which started last month with a restructuring of the company's board of directors.

Last February, independent auditing firm Goldstein Goulb Kressler expressed their concern about Majesco Entertainment's financial health. Now, it seems that Majesco in a not-so-pleasant situation.

Majesco, known as the publisher of games like Cooking Mama and Psychonauts among many others, revealed that they received a second notification from Nasdaq stating the company has not met the US$ 35 million market value of listed securities requirement for continued listing.

Gibberish as this sounds, what this means is that Majesco's common stock is subject to delisting from the Nasdaq Capital Market unless the company requests a hearing before a Nasdaq Listing Qualifications Panel. In other words, this spells trouble as the fate of the company is in the hands of the Nasdaq panel. It's a sad thing when you're not in control of the situation, is it not?

The company is dead set on requesting a hearing, but of course there are no guarantees that the Panel will give in to their request for continued listing.

Remember Take-Two Interactive's shareholders plan to take over the reins of the struggling video game publisher? Well, they finally did control the boardroom - last night. According to reports, the take over happened during Take-Two's annual meeting at the Hotel Gansevoort, and the action was quite swift and decisive.

The investors who are not so keen on former CEO Paul Eibeler's way of managing and handling the company installed Benjamin Feder as the acting chief executive officer. Strauss Zelnick, likewise, was installed chairman. These shareholders actually control almost 50% of Take-Two's stock and that is why they were able to pull this stunt.

Anyway, it seems that the latest development was favored by the so-called big Benjamin players as the publisher's regular NASDAQ trading immediately rose by US$ 0.24 ending at US$ 21.10. More remarkably, Take-Two's shares also rose from US$ 1.36 to US$ 22.46 during last night's extended trading.

The new chairman, Zelnick, said that one of the things that needs to be done first is to look for a permanent CEO, and CFO Karl Winters will keep his post for now. And then he added, "The first goal is to get to know the company and its employees, to reassure people and create value for shareholders."

Strauss Zelnick used to head Bertelsmann AG's BMG music company and video game developer Crystal Dynamics Inc. He currently  takes charge of New York-based investment firm Zelnick Media. Other newly installed directors include Michael Dornemann, Jon Moses, and Michael Sheresky.

Lastly, the reports added that Eibeler and his companions tried to look for a last-minute buyer in favor of them but to no avail.

We all know that the Grand Theft Auto series has somewhat been the saving grace for Take-Two Interactive. Despite that, the company is still beset by a lot of problems and issues. Never mind the problems involving Jack Thompson, the issues we're talking about now are the ones coming from within the very walls of the company itself.

A couple of days ago, we reported that there are plans to take over the major video game and publisher. The former Chief Executive Officer (CEO) Ryan Brant was removed from office because he was found guilty of backdating stock options. Current CEO Paul Eibeler and other top honchos are still not secure in their posts.

It is in this light that Take-Two Interactive cancelled its scheduled annual meeting on March 23 and moved it to March 29. The reason the company gave is "to provide additional time to review the proposed actions of the shareholder group and also to evaluate alternative courses of actions that could potentially be presented to the shareholders."

The official notice explained that the best alternative course of action as of now is a possible sale of the company. To make things more complicated, the notice mentioned as well that "there is no assurance that any specific alternative proposal will be forthcoming."

It seems that this announcement was taken very well by market players in pre-market trading. Immediately after the notice was circulated, the company's NASDAQ-traded shares went up almost to US$ 22.26 from US$ 1.50. Those who are involved in the planned take-over include companies Oppenheimer Funds, D.E. Shaw Valence Portfolios, S.A.C. Capital Management, and Tudor Investment.