UTV True Games announced that it has strengthened its management team and its international business development outreach with the appointment of Sean Lim as the new International Business Development Director for the company.

Further strengthening its senior management team, Activision announced that Dan Rosensweig has been named President and Chief Executive Officer of RedOctane, known for the Guitar Hero franchise and soon-to-be-released DJ Hero.

Last week Microsoft sent shockwaves through the internet by offering to buy ailing Yahoo for no less than $44 billion. After a few days of deliberation, even considering outsourcing its ads business to rival Google, Yahoo will turn down the offer, claiming the unsolicited offer undervalues the company, saying it needs an extra $12 billion.

Looks like Bill Gates might want to go out with a bang as Microsoft announced that it has offered to acquire Yahoo for $31 per share, 62 % above the current trading price on Wall Street, making for a total of $44.6 billion in cash and stock.

While Yahoo and Microsoft declined to comment, the New York Post claims to have received info from inside sources that Microsoft is once again looking to acquire Yahoo. Last year both companies were in prolonged talks, but nothing materialized. But the NYP says Microsoft has intensified its pursuit of a deal with Yahoo!, especially with Google breathing down its neck, and being outbid on recent prospects like DoubleClick and AOL.

Xfire announced today it has filed an answer and countersuit in United States District Court in response to a lawsuit filed by Yahoo Inc. In today's filing Xfire refutes all allegations that it is infringing Yahoo's patent. In addition, Xfire has filed a countersuit stating that the Yahoo lawsuit is an attempt to drive Xfire out of business (and therefore avoid direct competition in the marketplace) or to force Xfire to sell or license its proprietary technology to Yahoo for far less than fair market value to settle the expensive litigation.

Yahoo! Games today announced a number of strategic moves to bolster its mobile games capabilities, including the creation of the Yahoo! Games Studio and the acquisition of Stadeon, which helps Yahoo! Games provide multiplayer, multiplatform game functionality.

Earlier this week it was revealed that Yahoo was filing a lawsuit against Xfire claiming it broke Yahoo's messenger patent with the free Xfire gamers messenger service. Xfire on the other hand says they have reviewed the patent infringement claims with our lawyers, and Xfire does not infringe the Yahoo patent and have approached Yahoo expressing its willingness to let Yahoo review the code used. Xfire also announced it has reached one million registered users in its first year.

Earlier today Yahoo and GameSpot announced a collaborative deal wherein Gamespot will provide content for the Yahoo! Games channel. The most important part of the announcement was the fact that Yahoo! seems to have bought ASE (All Seeing Eye), an alternative to Gamespy's ingame server browser. "Yahoo! Games also announced the hiring of Patrick Ford and Thom Kozik, both from All-Seeing Eye. Inc. Ford will serve as director of video games products and Kozik will head business development. The deal will also integrate the eponymous game browser from All-Seeing Eye. All-Seeing Eye allows gamers to save buddy lists and to connect with each other when playing online multiplayer games."

Yahoo! Games and Marshall Field’s today announced the Digital Master Sweepstakes and Game Tournament. Four lucky sweepstakes winners will win a collection of Yahoo! branded gear and have the opportunity to test their skills and compete in a two-day online video game tournament hosted at Marshall Field’s State Street location (111 North State Street, Chicago, IL) on Monday, November 24th and Tuesday, November 25th. Read more for details ...

Yahoo! Games today announced Microsoft Game Studios is the newest publisher to contribute titles to Yahoo! Games on Demand (http://gamesondemand.yahoo.com). With this new relationship, more than 100 titles are available to consumers for play on Yahoo! Games on Demand.

Yahoo! Inc. today announced the pending availability of "Lara Croft Tomb Raider: The Angel of Darkness," Eidos Interactive’s latest addition to the smash hit Tomb Raider series. Starting at 12:00 a.m., July 25th, Yahoo! Games on Demand will debut Lara Croft’s latest high-powered, action-packed adventure. Read more for details and some screens while we're at it ...

Yahoo! Games, the leading online games destination, today announced the first unlimited subscription packages for their popular Games on Demand program. Now games fans will be able to enjoy as many subscription games as they want, for as long as they want, at any time. Along with the original Three Games Package for $9.95 per month, players can now choose the Unlimited Package, which gives gamers access to all subscription games with no time limit.