EA Intent On Buying Digital Illusions

It seems Electronic Arts (EA) is intent on buying Swedish games developer Digital Illusions (DICE). EAs recent offer required them to purchase 90% of the companies stock, but 2 major investors held 28% of DICEs stock and did not want to sell. That offer was set to expire on December 16th. That time has passed and EA has made a new offer. From the article:

…extended the acceptance period until January 20th 2005 in a move that demonstrates the publishers determination to acquire the firm

However, EAs latest move conditions the offer upon a lower acceptance level of more than 50 per cent of the total number of shares…

Get the full scoop here.

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