CompUSA announced that it has been acquired by an affiliate of Gordon Brothers Group, a global advisory, restructuring and investment firm specializing in retail, consumer products, real estate and industrial sectors (thanks FiringSquad).

Starting Dec. 15th until Jan. 2nd, Blizzard will be giving most major cities in its World of Warcraft MMORPG a festive makeover for the holiday season with unique items in shops, ability to throw snowballs, various bosses dropping gift wrapped loot, but also a new quest with The Preserved Holly as reward which transforms your flying mount into a reindeer.

Not due to air until tomorrow, Sunday, Dec. 9 (9:00-11:00 PM, ET/PT) on Spike TV, the 2007 Video Game Awards results are in. 2K Games' BioShock took home awards for Game of the Year, Best Xbox 360 Game and Best Original Score, while Microsoft's Halo 3 and MTV Games' Rock Band garnered two awards each.

Korean online game developer and publisher Gravity, best known for Ragnarok Online, announced the formation of San Mateo, California studio L5 Games, and hired several former Blizzard North employees who held leadership roles in franchises such as World of Warcraft, Diablo and the StarCraft and Warcraft series.

SEGA's Condemned 2: Bloodshot is a first-person action thriller immersing players in a world of psychological terror, featuring all-new fighting mechanics and online multiplayer functionality.

As society succumbs to a worldwide energy crisis, a new global depression takes hold. Amidst this desperate backdrop, two superpower alliances emerge. Join the battle on the frontlines of tomorrow as the Western Coalition or the Red Star Alliance.

Precursors, developed by Boiling Point's Deep Shadow, is a sci-fi action game that leads you into unexplored regions of space, where he can fly with huge battle ships from planet to planet.

It's nothing but speculation at this point, but what we do know is that Activision Blizzard is planning for Call of Duty 5, as revealed in their lineup of future titles. Infinity Ward, responsible for the recent CoD 4, and Treyarch, who brought us CoD 3, have been taking turns on developing the series, and now is seems Treyarch is looking for level builders for a "Call of Duty" title with stipulation that "if you're a fan of World War 2 shooters, then even better!" Either CoD5 returns to a WWII setting, or they are developing an expansion for one of the other titles, which is rather unlikely.

Nobilis' new historical wargame brings back to life the greatest battles and lets you write your own History. Napoleon's Campaigns is a unique concept from AGEOD, the original designer of Europa Universalis, Pax Romana, Grandes Invasions, Birth of America and American Civil War.

White Gold: War in Paradise explores the shadowy background of modern low intensity conflicts, where the newest weapons often do battle with the antics of witchdoctors. An FPS with a handful of RPG elements thrown in for a good measure, White Gold offers a rich scenario in addition to the non-stop action.