EA bags bigger piece of Battlefield developer DICE

No_Style · Jan 25, 2005, 10:49 PM

Transaction this week makes EA the majority owner of BF 1942, BF Vietnam developer.

Thwarted in its attempt to acquire complete ownership of the top-selling Battlefield developer, Digital Illusions CE, Electronic Arts is licking its chops this week after securing enough shares of the company to qualify as a majority shareholder. The California-based publisher recently secured 3 million shares of the company from investors and employees. It secured an additional 898,000 shares in the open market, and when all is told, it will own "a controlling interest representing 59.8 percent of the outstanding capital and votes in DICE." All transactions are to be completed by January 27, 2005. EA holds additional warrants in the company that, if exercised, will increase its ownership position to 67.3 percent.
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Source: GameSpot

goku21 · Jan 25, 2005, 11:43 PM

Wonder if something like this will happen to Crytek.

Jan 25, 2005, 10:49 PM	#1
No_Style Styleless Wonder Join Date: Jun 2002 Location: Ottawa, Ontario Posts: 6,034 Rep Power: 0	EA bags bigger piece of Battlefield developer DICE Transaction this week makes EA the majority owner of BF 1942, BF Vietnam developer. Thwarted in its attempt to acquire complete ownership of the top-selling Battlefield developer, Digital Illusions CE, Electronic Arts is licking its chops this week after securing enough shares of the company to qualify as a majority shareholder. The California-based publisher recently secured 3 million shares of the company from investors and employees. It secured an additional 898,000 shares in the open market, and when all is told, it will own "a controlling interest representing 59.8 percent of the outstanding capital and votes in DICE." All transactions are to be completed by January 27, 2005. EA holds additional warrants in the company that, if exercised, will increase its ownership position to 67.3 percent. _______________ Source: GameSpot __________________ "The Best Style Is No Style" Specifications Here

Jan 25, 2005, 11:43 PM	#2
goku21 DriverHeaven Lover Join Date: Jul 2004 Location: Sacramento, CA Posts: 152 Rep Power: 0	Wonder if something like this will happen to Crytek.