EA to Acquire BioWare, Pandemic

Electronic Arts has just announced that it's acquiring VG Holdings Corp – parent company to BioWare and Pandemic Studios – by January 2008. Here’s what studios thought about the acquisition:

Josh Resnick, President and Co-founder of Pandemic Studios:
"Pandemic Studios remains focused on attracting the best talent and creating blockbuster action games. As a worldwide publishing leader, EA represents the ideal partner to bring our titles to market as global entertainment events."

Ray Muzyka, Co-founder and CEO of BioWare Corp:
"We are truly excited by John Riccitiello's new vision for EA. This vision is consistent with BioWare's focus on crafting the highest quality story-driven games in the world. It will enable us to further the careers of the passionate, creative and hard working teams at BioWare Edmonton and BioWare Austin."

EA bagged the two studios by offering $620 million along with $155 million in equity to VG Holdings Corp. Let’s hope that both BioWare and Pandemic continue to give us great titles under their new owners.

[Via 1up.com]