‘Splosion Man and The Gunstringer, has been acquired by Microsoft. Any hopes of a multi-platform Twisted Pixel game have officially been squashed, but the studio has been creating Xbox 360-exclusive console games for a while now. Twisted Pixel will remained stationed in Austin, Texas and will be able to keep their unique identity as well.

This one of those stories that started as a rumor, got debunked and later turned out to be true. The mystery buyer of PopCap games has turned out to be Electronic Arts. Not all aspects of the original story were true. It was estimated that PopCap’s buyer was paying over $1 billion for the company. EA is only spending $750 million.

PopCap Games, the maker of some of the most time consuming games we’ve ever seen, may be up for sale. According to TechCrunch, multiple sources have reported PopCap’s asking price is over $1 billion. PopCap Games is responsible for hits such as Peggle, Plants vs. Zombies, Bejeweled and plenty more. It recently created a 4th & Battery, a studio dedicated to developing free games just for fun.

LittleBigPlanet was one of the PS3′s biggest titles of 2008 and has won dozens of awards since. To date, Media Molecule continues to support LittleBigPlanet through downloadable costumes and themed level packs. The community also remains to be active by creating over two million levels since LBP‘s release.

And you thought Disney was done when it started the multi-billion dollar acquisition of Marvel.

Less than a week after that announcement, Disney then announced that it has agreed to purchase Wideload Games, makers of Stubbs the Zombie, Hail to the Chimp and Texas Cheat’ Em.

We are sorry to interrupt (or at least emotionally hijack) CES coverage but our earlier report about UGO acquiring the 1UP network has been officially confirmed.

Properties sold include: 1UP.com, Mycheats.com, Gametab.com and GameVideos.com. Filefront will reportedly become part of the PCMag Digital Network.

Unfortunately, however, things won’t be going over as smoothly as we first thought. Gamasutra got a hold of an internal email in which Ziff Davis CEO Jason Young says that “more scale is necessary to effectively compete in this market segment”.

To start with, Electronic Gaming Monthly, better known as EGM, will officially cease printing…

Bloomberg News is reporting that Dubai International Capital has purchased an undisclosed yet “substantial” stake in Sony. Apparently it was known early this month (November 2007) that Dubai as looking to invest $500 million in a Japanese company, though it cannot be confirmed that money was all spent on Sony, which is based in Tokyo more »

Take Two Interactive announced that it has sold Joytech to rival manufacturer Mad Catz, including all assets and employees. A subsidiary of Take Two, Joytech manufactures state-of-the-art videogames, audio visual accessories and offers them to the community at competitive prices. Take 2′s CEO, Ben Feder, said he was pleased that Mad Catz was able to more »