DICE Shareholders Reject EA Buyout
December 15th, 2004 (12:08pm) - Today, it has been revealed that shareholders with 28 percent of Digital Illusions CE stock are rejecting a buyout from publisher Electronic Arts. In order the for the scheduled buyout to occur, 90 percent of the company’s shareholders must accept EA’s takeover. Last month it was revealed that DICE’s board of directors had suggested that shareholders accept an EA buyuot to make a fast transition in the next-generation of game development. Electronic Arts is already in possession of 19 percent of the developer’s stock. The shareholders rejecting the EA takeover bid believe that the developer’s future is bright enough to stand as an independent developer. With games like Battlefield and RalliSport Challenge 2 under their belt, one tends to see the truth in the comments of these shareholders. The deadline for a successful closure is Dec. 27th, 2004.
Reported by Elias Dounis on December 15th, 2004 (12:08pm) [From: GamesIndustry.biz]
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