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After two years of attrition thanks to a 'Glazer' style take-over strategy from EA, Digital Illusions announces its final day of public listing...
For nearly two years Electronic Arts has been chasing Battlefield developers Digital Illusions, despite an extended war of attrition between the US publisher and some of DICE's other shareholders.
Following the Extraordinary Shareholders Meeting earlier in the Summer, and the decision by the Swedish Companies Registration Office to authorise the proposed merger, Digital Illusions has today announced that September 29th will be the last day that the company's stock will be traded on the First North lists.
After that date, the stock will be de-listed, and the merger implemented as Electronic Arts EA Holdings CE from October 16th.
So EA finally gets its way after slowly clawing more shares in DICE over the last twenty-four months. It's been a patient build-up for the publisher but it finally looks like they've got their way.
We'll have more news shortly...
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Added:Tue 26th Sep 2006 08:32, Post No: 2
It's already clear that EA owns DICE since BF1 Vitname! ;P
Added:Tue 26th Sep 2006 08:32, Post No: 1
It's already clear that EA owns DICE since BF1 Vitname! ;P