FTC Blesses EA's BioWare/Pandemic Acquisition
The 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.
" If this goes through I may have to break my 8 year long boycott of EA
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