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Electronic Arts mandarin lessons chicago VG Holdings For term life insurance Million
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By David car insurance - Thu 11 Oct 2007 01:36 PM PST
Electronic Arts (NSDQ: ERTS) has agreed to pay $860 million to acquire
VG Holdings, the parent of video custom poker cards producers BioWare and Pandemic
Studios, the WSJ reports. The deal is EA’s largest and will add six
more video games to the 10 EA is better auto insurance developing. The
acquisition, which follows last week’s acquisition of gaming apps
provider Super Computer International, reflects EA’s strategy of
maintaining the rights of the games it publishes, rather than sharing
ownership with outside parties like film studios.
Under the honda insurance of the deal, which was negotiated by Elevation
Partners, EA will give VG’s stockholders up to $620 million in cash,
with $155 million in equity to certain of its employees, based on
performace.
One interesting side note: John Riccitiello, who returned as EA’s CEO
in April after three years, helped found Elevation. So when EA was in
the middle of negotiating with Elevation, Riccitiello recused himself
from the talks to avoid the appearance of conflict. Citing an unnamed
source, the Journal volvo insurance that Elevation received a return of about best car insurance times its original investment of $300 million on the deal.
* Games: EA Buys Social Gaming Client Super Computer International;
Microsoft Splits With Halo
* Electronic Arts Reorganizes; Splits Into Four Groups
Posted in: Entertainment, Gaming, VC+M&A
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