EA Makes Offer To Buy DICE

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That's right. Dice has just released a report stating that Electronic Arts has offered to buy their stock. The offer is considered fair although it is not a sealed deal as of now. Read on, [quote] The Board of Directors of Digital Illusions CE AB (publ) has reviewed the public offer of SEK 61 per Series A share in cash, which Electronic Arts Inc. ”EA” made public today, through one of its Swedish subsidiaries. The Board has evaluated the conditions for the offer. The evaluation leads the Board to make the following statement. In light of the challenges that the game industry faces, with increased development costs and the coming technological change, the Board is of the opinion that a merger between Digital Illusions and EA is industrially and strategically correct. EA can bring the technology and resources that make possible and facilitate the transition to the new game platforms. On behalf of the Board, Nordea Corporate Finance has evaluated the public offer of SEK 61 per Series A share to Digital Illusions shareholders and has, in a report to the Board, expressed the opinion that the offered price is fair from a financial point of view. Based on a collective assessment, the Board is of the opinion that the offer is fair and has therefore unanimously decided to recommend the shareholders of Digital Illusions to accept the offer. Stockholm, November 15, 2004 Digital Illusions CE AB (publ) The Board of Directors [/quote] This seems like a logical decision on the part of EA. I'm sure it will be good news to all involved including you , the gamers.
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