A recent SEC filing reveals that Electronic Arts has arranged an agreement with Morgan Stanley, BNP Paribas, The Bank of Nova Scotia and KeyBank National Association for a whopping $1 billion in case it needs the funds to acquire Grand Theft Auto publisher Take-Two. EA initially made a $2 billion offer, which Take Two turned down, so these funds may be used to raise the offer now that GTA's $500 million first-week revenue has surely increased the company's overall value. The multibank agreement gives EA access to the funds until Jan. 9, 2009.

If you are local, or willing to relocate, Houston, Texas based Pi Studios is currently recruiting full time (but temporary) video game testers for positions in its Quality Assurance Department. Pi Studios is known for various Call of Duty expansion/map packs, Rock Band (PS2 & Wii) and currently working on Mercenaries 2: World In Flames (PS2), Quake Arena Arcade (Xbox 360 Live!) as well as a yet unannounced project.

Atlus USA has obtained the North American rights for Spectral Force 3, the first of the series to land in the Western hemisphere, delivering challenging strategy RPG gameplay, a classic fantasy story, and tons of character and item customization options.

Sony Computer Entertainment America announced the availability of the new Headset with Remote Control for PSP, giving users a seamless solution for placing free calls over the Internet via Skype.

Codemasters has secured the exclusive video game rights to Formula 1, previously owned by Sony, allowing the UK based publisher/developer to develop a new generation of the multi-million selling Formula 1 game franchise across multiple platforms.

GamersGate has signed a digital distribution agreement with Gamecock, starting with FireFly's RTS Stronghold Crusader Extreme in May, followed by the episode action/adventure game Insecticide, and later this year additional titles like Velvet Assassin.

Gameforge, a German developer and publisher of browser-based multiplayer games, today announced the opening of a San Francisco office to house its newly formed U.S. branch, Gameforge Productions, Inc.

SS3: Arms For Victory is the 3rd installment in the RTS franchise, adding interface innovations, huge troop numbers and enormous map designs demonstrating that size does matter. Fireglow is working on a free addon with two multiplayer maps, a new campaign (2 missions) and one additional standalone mission.

Using an off-the-shelf game engine, Cubic Applications has joined with military game maker Decisive-Point to introduce a new concept in tactical- level training called the Small Unit Immersive Training Strategy, or SUITS.

Code Lyoko, based on the fourth season of the popular animated high-tech action-adventure series, is an intuitive and innovative blend of adventure, combat, platform and racing type of game play .

Strong Bad's Cool Game for Attractive People is a story-driven series with a comic spin based on Matt and Mike Chapman's online animated series. The player uncovers each episode's comedic plot through character interaction, dialogue-based puzzles, and the use/abuse of inventory items. Telltale is looking for testers to come to their offices and play each new episode prior to its release.

Steamworks is a complete suite of publishing and development tools that offers PC game developers and publishers free access to the game features such as product key authentication, copy protection, auto-updating, social networking matchmaking, anti-cheat technology, and more.

Ben 10: Alien Force The Game is a fast-paced, 3D side-scrolling action adventure that offers eight playable characters, an unlimited combo system and puzzles and challenges that will engage players of all levels for hours at a time.

TF2 is a class-based, multiplayer team warfare game, delivering new game types, a signature art style powered by Valve’s next-gen animation technology, persistent player statistics, etc... The Gold Rush Update introduces the new Gold Rush map and Payload gameplay style, the first set of unlockable weapons, and a new set of achievements for the Medic.

The world's only exhibition that brings together experts from the fine art establishment and the interactive entertainment industry to explore the art of the video game, Into the Pixel today announced that it is accepting submissions for the 2008 collection

Revealed a few months ago, Geman based EA Phenomic Studio is developing BattleForge, a new fantasy online RTS game where you assemble your own army with collectible trading cards. Win, trade and buy your cards online to create your ultimate deck.

Deforestation, pollution, global warming and industrialization are just some of the many important themes in Rising Star Games's new NDS exclusive real-time strategy Ecolis: Save the Forest (known in Norht America as Eco Creatures: Save the Forest).

Robert Ludlum's The Bourne Conspiracy is a 3rd person espionage action game where players move from fistfights to firefights to experience sequences that seamlessly blend Bourne's signature hand-to-hand combat with intense shooting and the ability to escape and evade deadly situations. Many wonder why Matt Damon is not part of the project, and according to High Moon's Meelad Sadat, the actor thinks the game is too violent and thus declined.

Atlus USA has obtained the North American rights for Spectral Force 3, the first of the series to land in the Western hemisphere, delivering challenging strategy RPG gameplay, a classic fantasy story, and tons of character and item customization options. Originally planned for release on May 27, SF3 is now launching July 29, 2008.

JoWooD announced it is soliciting proposals from independent developers who wish to create a new Action RPG game for Xbox 360, PS3 and PC, based on one of JoWooD’s established brands, known for its epic background story as well as exceptional graphics and polish. Deadline for the submission is May, 16th 2008.

TF2 is a class-based, multiplayer team warfare game, delivering new game types, a signature art style powered by Valve’s next-gen animation technology, persistent player statistics, etc... Valve confirmed that somewhere next week it will release the new Goldrush map/mode, the medic's 3 new weapons (The Blutsaugher, Critzcrieg and the Ubersaw) as well as 36 new achievements.

After three years of lock down secrecy, KingsIsle Entertainment uncloaked itself today, revealing its team of more than 100 employees, including talent such as Tom Hall (DOOM, Commander Keen, Wolfenstein 3D), Wolfpack Studios' Todd Coleman( Shadowbane) and former Midway exec David Nichols, working on multiple MMO projects under a cone of silence.

Atlus USA has obtained the North American rights for Spectral Force 3, the first of the series to land in the Western hemisphere, delivering challenging strategy RPG gameplay, a classic fantasy story, and tons of character and item customization options.

Viking: Battle For Asgard is a hack 'n' slasher where you, as Skarin, get to experience the violent yet spectacular world of the Vikings and their gods.

Ubisoft reported sales figures for the Q4 of its fiscal year 2007/2008, with sales up 10%, full year sales up 36 % to $1.32 billion, mainly driven by strong performances from Tom Clancy’s Rainbow Six Vegas 2, The Games For Everyone Brands and Assassin's Creed. Ubisoft also announced it will be recruiting for 900 positions in the next 12 months for its various studios.