Monday, November 5, 2007

BioWare/Pandemic Acquisition Ok'ed

Antitrust Regulators have allowed EA's $775 million dollar purchase of BioWare's and Pandemic's parent VG Holding Group from Elevation Partners, notorious for having Bono as one of its investors. Elevation Partner's founder, John Riccitiello, is currently the CEO and formerly the president of EA, so naturally that raised some flags initially. However, FTC clearance was given for EA to continue amassing juggernautness.

BioWare and Pandemic are almost EA's!

Damn. It sure looks like Riccitiello is making money every which way on this deal.

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