EA gets Green Light on Bioware/Pandemic Purchase

eaborgcubeag3.jpg

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

Join the Conversation   

* required field

By submitting a comment here you grant GameFront a perpetual license to reproduce your words and name/web site in attribution. Inappropriate or irrelevant comments will be removed at an admin's discretion.

1 Comment on EA gets Green Light on Bioware/Pandemic Purchase

weclock

On November 7, 2007 at 9:11 am

No, NOOOOOOOOOOOOOO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!