• .
  • Video Games
  • Sports
  • Movies
  • Electronics
  • Contests

Daily Game

Video Game News and Reviews, Sports, 3D Blu-ray and Electronics

  • Video Games
  • Sports
  • Movies
  • Electronics
  • Contests
  • Free Games
  • Write For Us
  • Advertise
You are here: Home / Videogames / 3DS / EA to Acquire Bioware and Pandemic

EA to Acquire Bioware and Pandemic

October 11, 2007 by Sara Leave a Comment

Electronic Arts is buying BioWare and Pandemic Studios, two of the most respected “independent” developers in the videogame industry. The deal came about when EA reached an agreement with Elevation Partners to acquire VG Holding Corp., the owner of both BioWare Corp. and Pandemic Studios.
EA will pay up to $620 million in cash to the stockholders of VG Holding Corp. and will issue up to an additional $155 million in equity to certain employees of VG Holding Corp. This amount will be subject to time-based or performance-based vesting criteria. EA will also assume outstanding VG Holding Corp. stock options, and EA has agreed to lend VG Holding Corp. up to $35 million through the closing of the acquisition.
BioWare and Pandemic have 10 franchises under development, including six wholly owned games. BioWare is currently developing one of DailyGame’s most-anticipated games of the year, Mass Effect, which will be published by Microsoft in November. Bioware is also in the early stages of a massively multiplayer online game.
Pandemic, meanwhile, is hard at work on Mercenaries 2: World in Flames and Saboteur, among other unannounced next-gen projects.
Pandemic Studios and BioWare Corp. employ roughly 800 people combined.
The transaction is expected to close in January 2008.

Filed Under: 3DS, PS2, PS3, PSP, Wii, Windows, Xbox 360

Join the Conversation

  • Facebook
  • RSS
  • Twitter
  • YouTube

More Articles

Tips for Playing and Succeeding in Online Casino Games

2021 Qatar Total Open: Prediction, Odds, And Analysis

Contest Alert! Win a WD Black D50 Thunderbolt 3 Game Dock

Contest Alert! Win a Razer Wolverine V2 Wired Gaming Controller for Xbox Series X

Best Slots for Ladies to Play on Women’s Day 2021

Benefits of Gaming For Children

Latest Videos

Drones

Top 3 Professional Drones on the Market

Video game

Video Game Tactics Shown Through Video Tutorials

entertainment 60x52 - Justice League

Justice League

game controller

Copyright © 2002-2021 DailyGame