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EA proposes to buy Take 2 for two billion dollars

Yahoo - February 24, 2008

Submitted by llonesmiz (508) at 11:40AM PST on February 24, 2008

Electronic Arts Proposes to Acquire Take-Two Interactive Software for $26 Per Share in Cash, or Approximately $2.0 Billion
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EA Buys Bioware & Pandemic

IGN - October 11, 2007

Submitted by Animate (241) at 2:22PM PST on October 11, 2007

"Electronic Arts announced today that it has purchased the holding company that owns BioWare [Mass Effect] and Pandemic Studios [Mercenaries 2]. The acquisition will cost EA about $775 million, which includes a $650 million cash payment to the stockholders of VG Holding Corp., which directly owns the two developers, and an additional $155 million in equity to select VG employees. As part of the agreement, EA said it plans to lend up to $35 million to the company through the closing of the deal, expected in January. EA will also assume outstanding VG Holding Corp. stock options. VG Holding is owned by Elevation Partners, which invested $300 million in BioWare and Pandemic in November 2005, creating one of the world's best-funded and largest independent game development houses."
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PlayStation 3 Development Still Problematic For EA

Kotaku - January 31, 2008

Submitted by lstormy10 (294) at 8:27PM PST on January 31, 2008

"In today's EA investor conference call, CEO John Riccitiello was asked by analysts whether the company's PlayStation 3 development process had caught up with its Xbox 360 development process, an issue that had led to delays at a number of publishers. 'Not quite,' Riccitiello said, adding 'There's no doubt that Electronic Arts, along with many other publishers, had some challenges essentially meeting the technical specifications effectively on the PlayStation 3.' "
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EA cutting prices on sports games.

Forbes - November 13, 2007

Submitted by kspraydad (475) at 9:23AM PST on November 13, 2007

Analysts said Tuesday that video game maker Electronic Arts Inc. is cutting prices on sports games, which the analysts said is a bad sign going into the holiday season. The games affected include important sports titles such as "NBA Live 08," "Madden NFL 08" and "Tiger Woods PGA Tour 08."
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