EA To Acquire BioWare/Pandemic

Updated:05:27 PM CEST Apr,24

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Gameguru Mania News - Oct,12 2007 -

EA To Acquire BioWare/Pandemic - briefly
(hx) 12:15 AM CEST - Oct,12 2007 - Post a comment / read (4)
This press release announces that Electronic Arts will acquire BioWare/Pandemic, the formerly massive independent game developer that was formed from the merger of Canadian based BioWare and California-Australia based Pandemic Studios back in November 2005 by venture capital firm Elevation Partner. EA will pay up to $620 million in cash to the stockholders of VG Holding Corp. (the owner of both BioWare Corp. and Pandemic Studios) and will issue up to an additional $155 million in equity to certain employees of VG Holding Corp., which will be subject to time-based or performance-based vesting criteria. EA will also assume outstanding VG Holding Corp. stock options. In addition, EA has agreed to lend VG Holding Corp. up to $35 million through the closing of the acquisition. The deal is expected to officially close in January.

last 10 comments:

djRom	(02:28 AM CEST - Oct,12 2007 )
620$ million... Wow. RIP Bioware. :(

kittomer	(03:52 AM CEST - Oct,12 2007 )
Ain't that wonderful. Instead on Mass Effect on PC they'll probably work on "The Sims 2: Sado Maso Studio" and "Need for Speed 548: Gangsta Drift" or something.

Safer	(12:44 PM CEST - Oct,12 2007 )
Hopefully they will release any games in development, like mass effect, without any EA stuff on or in it, and with some luck Wizards of the Coast will continue granting rights of the Forgotten Realms to Atari and Obsidian. Rest in peace Bioware - may your emploies will see the light and flee before the shit drowns them.

lmer	(04:24 PM CEST - Oct,13 2007 )
"Gangsta Drift"....LMAO

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