EA gets Green Light on Bioware/Pandemic Purchase
By Shawn on Tuesday, November 6th, 2007 at 2:49 PM PST In Bioware, Electronic Arts, Game Companies, Games Industry
The Federal Trade Commission anti-trust regulators have cleared Electronic Arts’ $775 million purchase of VG Holding Corp from Elevation Partners.
The Associated Press is reporting that the deal is included on a list of transactions that received an “early termination” of their antitrust reviews.
The purchase of VG Holding by EA actually shouldn’t be such a surprise to anyone. Elevation Partners was founded by former EA president John Riccitiello in 2004. EA, under Riccitiello who is now CEO, had already acquired majority stakes in VG, parent company of BioWare and Pandemic, in 2005.
via Gamasutra
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