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Monday, October 02 2006

EA Completes DICE Acquisition   by Craig D at 20:28

PC
EA today announced that the deal to acquite Digital Illusions CE (DICE), makers of the Battlefield series or course was now complete. DICE are now a fully integrated EA studio.

"EA is thrilled to officially welcome this team of incredibly talented people and a globally recognised game franchise," said Paul Lee, President of EA's Worldwide Studios. "The DICE studio has strong opportunity for growth as we build the Battlefield franchise and other new products. We're confident that our creative approach and business leadership principles are well matched to share future success."

Patrick Soderlund, DICE CEO, said, "Being part of the EA studio team is a great step forward that will help us continue to deliver new games and new franchises to DICE fans. We've been working very closely with EA for the past five years and this is a very natural step for us as we move into the next generation of gaming."

Patrick Soderlund will become an EA Studio General Manager, maintaining responsibility for the DICE studio and taking on additional creative responsibilities. The DICE leadership team will continue in their roles in Stockholm.

The acquisition was completed via a merger through which EA acquired the assets and liabilities of DICE. DICE shareholders, representing approximately 2.6 million shares, will receive SEK 67.50 per share in cash, to be paid out on October 16, 2006.
Comments
bastafari101
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02 October 2006 21:27
Bet their the only one who are thrilled
Mani
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03 October 2006 00:37
So would I be if i'd had some shares.
Maz
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03 October 2006 14:50
4.80826186 x 2.6million

so thats ~£12,480,000

Nice =D i wish i had that much =D
gr61279
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03 October 2006 15:30
Well DiCe **HAD** opportunity to grow but now they are stuck with EA
Felon
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03 October 2006 17:00
Money talks I guess.
Abstract
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03 October 2006 22:48
Good luck to 'em.


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