Electronic Arts takeover of DICE on icelectronic artse

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Two days after gaming giant Electronic Arts spent a bundle on obtaining an exclusive National Football League license, its attempts to acquire Swedenbased Digital Illusions CE are proving that money cant buy everything. According to reports in the business press, EAsproposed buyoutof the Battlefield developer has hit a snag.

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Currently, Electronic Arts has a multiyear agreement to publish all DICE games. According to sources at Electronic Arts, with or without total control of the company, EA will continue to publish Battlefield and other game franchises from Digital Illusions. When the votes are tallied next week, the source said, EA will decide if it intends to extend or withdraw the buyout offer.

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The tender offer is now complete and the results are now being ulated, Electronic Arts vice president of corporate communications Jeff Brown told GameSpot. Unfortunately, we have nothing to say until all the shares have been counted.

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Electronic Arts takeover of DICE on ice

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According to reports, both holdout groups feel the offer from EA does not take into account projected earnings stemming from two new titles due out in . Those titles would be Battlefield for the PC, set to ship next spring, and its console cousin, Battlefield Modern Combat for the Xbox and PlayStation , due next ll.

[UPDATE] Digital Illusions stockholders balk at EAs buyout offer; deal that was to close December now in limbo.

Currently, EA owns percent of DICE, with warrants to purchase more of the company. The buyout was intended to fully integrate the developer into the publishers studio empire. But despite the DICE board of directors approval of the integration and recommendation that stockholders agree to the deal, two ctions of stockholders, one owning percent and the other owning percent, are reportedly voting against the merger. Ninety percent stockholder approval is needed to approve the deal.Electronic Arts takeover of DICE on icelectronic artse

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