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FTC Blesses EA's BioWare/Pandemic Acquisition
by Carlos Bergfeld, Nov 05, 2007 1:40pm PSTThe FTC's antitrust regulators have given the green light to EA's acquisition of VG Holding Corp., the owner of both BioWare and Pandemic. EA announced the $860 million acquisition last month, and if no other complications arise, it should take effect starting in January as planned. Considering EA CEO John Riccitiello's status as former CEO of Elevation Partners, owner of VG Holdings Corp., the exec has said other parties will be involved in mediating the deal to ensure shareholders' best interests. EA CFO Warren Jensen said he expects the deal to make the company $300 million in extra revenue annually. The deal was given the okay in a list of early termination reviews--those green-lighted in less than the 30 days normally required--as listed on the FTC's Bureau of Competition website.
Comments
Somebody got paid off.
I recall all the years of litigation to get AT&T to break itself up [ teh 70's]- was judged a monopoly, but under the current big business ass-kissy administration, didn't take them long to start buying things up again, and slap the judgement in the face by Keeping the At&T brand, too.
Delta Dental plan is a lso a Monopoly . O_o
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:(
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And I almost won the milk and cookies too :(
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