Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Hot on Facebook
Guy Buys $123 Safe on eBay, Finds $26,000 Inside Seller tries to get half the cash back, fails »

EA Nets Games Rival For $860M

Scores VG Holdings in tech takeover

By Peter Fearon,  Newser Staff

Posted Oct 11, 2007 11:08 PM CDT

(Newser) – It's a whole new ballgame at Electronic Arts. CNN Money reports the video game giant is buying rival VG Holdings for $860 Million. The takeover brings interactive and role-playing game makers BioWare Corp and Pandemic Studios into the EA stable. Pandemic is soon to launch Mercenaries 2, among other games, and BioWare's Mass Effect debuts next month.

"EA are trying to stay on top of the market. To do that, you need games to sell," said analyst Daniel Ernst. However, he said much depends on whether EA can hold on to BioWare's design team. "That's always the question when you buy talent. Talent goes out the door every day."

This image, provided by Electronic Arts Inc., shows scene from the new hockey video game NHL 08. It's one of two new video games linked to the new National Hockey League season. (AP Photo/Electronic Arts Inc.)
This image, provided by Electronic Arts Inc., shows scene from the new hockey video game "NHL 08." It's one of two new video games linked to the new National Hockey League season. (AP Photo/Electronic...   (Associated Press)
This image, provided by EA Sports, shows a lineup of cars in the new driving video game NASCAR 08 for the Xbox 360 and PlayStations 2 and 3. (AP Photo/EA Sports)
This image, provided by EA Sports, shows a lineup of cars in the new driving video game "NASCAR 08" for the Xbox 360 and PlayStations 2 and 3. (AP Photo/EA Sports)   (Associated Press)
« Prev« Prev | Next »Next » Slideshow
To report an error on this story, notify our editors.
A snapshot of the day's best news stories.
 
COMMENTS
Be the first to comment on this story.

NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   Betty Confidential   |   BuzzFeed   |   Cracked   |   Fark   |   Timelines   |   The Frisky   |   Geek Sugar   |   NewsOne