EA Changes It's Offer To DICE

[SpiralFace]

Ok, I know that I'm going to sound like a complete moron for this, but in a nut shell what does this mean?

Are they trying to buy out DI through a majoraty of its stocks and the current stock holders are given a period to accept this?

I'm interested in this, its just that I don't fully understand it, so if some one can give me a good lecture and shake some sense into me about this, it whould be greatly appriciated.

[PhilOsirus]

Here is a simpler explanation from gamesarefun.com (http://www.gamesarefun.com/news.php?newsid=4068):

A week ago, we reported (http://www.gamesarefun.com/news.php?newsid=4026) on an attempt by Electronic Arts (http://www.gamesarefun.com/gamesdb/search.php?by=Company&search=Electronic%20Arts) to buyout Digital Illusions, also known as DICE, the company behind the Battlefield (http://www.gamesarefun.com/gamesdb/search.php?by=Game&search=Battlefield) games. The majority of DICE's stockholders voted no to the deal, and since it required 90% to go through; it was rejected.

[...]

EA has extended the offer to January 20, 2005. They would still need 90% of the shareholders to vote yes for it to go through, but it's looking more and more like it will happen.

[SpiralFace]

ah,

Thanks a bunch Tubbrit.
Man its EA corperate buy out season now is'nt it? First 20% of Ubisoft and now this! sigh. its a shame that all these games are probably going to become a whole lot worse with EA at the reigns.

[CGTalk Moderation]

This thread has been automatically closed as it remained inactive for 12 months. If you wish to continue the discussion, please create a new thread in the appropriate forum.